PDF Solutions (NASDAQ:PDFS) Price Target Cut to $31.00 by Analysts at Rosenblatt Securities

PDF Solutions (NASDAQ:PDFS - Free Report) had its price objective cut by Rosenblatt Securities from $37.00 to $31.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

A number of other analysts have also issued reports on the company. DA Davidson lowered their price target on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com upgraded PDF Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd.

PDF Solutions Trading Down 6.1 %

Shares of PDFS stock traded down $1.19 on Monday, reaching $18.41. 523,347 shares of the company's stock were exchanged, compared to its average volume of 188,014. The company's fifty day simple moving average is $19.23 and its 200 day simple moving average is $25.14. The stock has a market capitalization of $720.55 million, a PE ratio of 184.10 and a beta of 1.47. PDF Solutions has a 52 week low of $15.91 and a 52 week high of $39.70.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). The company had revenue of $50.09 million for the quarter, compared to analysts' expectations of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. As a group, sell-side analysts predict that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Insider Activity at PDF Solutions

In other news, Director Michael B. Gustafson purchased 4,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $23.06 per share, with a total value of $92,240.00. Following the completion of the transaction, the director now owns 22,574 shares in the company, valued at $520,556.44. This represents a 21.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John Kachig Kibarian acquired 34,356 shares of the business's stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the transaction, the chief executive officer now owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. The trade was a 1.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is owned by corporate insiders.

Institutional Trading of PDF Solutions

A number of institutional investors have recently made changes to their positions in PDFS. Signaturefd LLC increased its holdings in shares of PDF Solutions by 124.1% during the first quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock valued at $27,000 after acquiring an additional 787 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after buying an additional 931 shares during the period. KBC Group NV increased its position in shares of PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company's stock valued at $54,000 after acquiring an additional 956 shares during the period. Aquatic Capital Management LLC purchased a new position in PDF Solutions in the 4th quarter worth $136,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in PDF Solutions during the 4th quarter worth about $160,000. Institutional investors and hedge funds own 79.51% of the company's stock.

PDF Solutions Company Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.