Snyder Capital Management L P Cuts Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Snyder Capital Management L P trimmed its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779,054 shares of the technology company's stock after selling 35,895 shares during the quarter. Snyder Capital Management L P owned about 2.01% of PDF Solutions worth $21,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Nebula Research & Development LLC grew its position in PDF Solutions by 21.6% during the 4th quarter. Nebula Research & Development LLC now owns 10,290 shares of the technology company's stock valued at $279,000 after purchasing an additional 1,830 shares during the last quarter. Voya Investment Management LLC grew its position in PDF Solutions by 25.6% during the 4th quarter. Voya Investment Management LLC now owns 37,969 shares of the technology company's stock valued at $1,028,000 after purchasing an additional 7,743 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in PDF Solutions by 17.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,025 shares of the technology company's stock valued at $326,000 after purchasing an additional 1,756 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in PDF Solutions during the 4th quarter valued at about $306,000. Finally, MetLife Investment Management LLC grew its position in PDF Solutions by 6.6% during the 4th quarter. MetLife Investment Management LLC now owns 18,994 shares of the technology company's stock valued at $514,000 after purchasing an additional 1,173 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Stock Down 2.4 %

PDFS traded down $0.45 during mid-day trading on Wednesday, reaching $18.06. 56,908 shares of the company traded hands, compared to its average volume of 184,307. The stock has a market capitalization of $706.40 million, a P/E ratio of 180.60 and a beta of 1.62. The company's fifty day moving average price is $19.78 and its 200-day moving average price is $25.71. PDF Solutions, Inc. has a 52-week low of $15.91 and a 52-week high of $39.70.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share 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 forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on PDFS shares. Rosenblatt Securities cut their price objective on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. DA Davidson cut their price objective on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd.

Insider Buying and Selling at PDF Solutions

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