PDF Solutions (NASDAQ:PDFS) Stock Rating Lowered by StockNews.com

PDF Solutions (NASDAQ:PDFS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts also recently commented on the company. DA Davidson reduced their price objective on PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Rosenblatt Securities reduced their price objective on PDF Solutions from $37.00 to $31.00 and set a “buy” rating for the company in a report on Monday, May 5th.

PDF Solutions Stock Performance

PDFS stock opened at $20.49 on Wednesday. The company has a market cap of $801.96 million, a P/E ratio of 204.90 and a beta of 1.47. PDF Solutions has a fifty-two week low of $15.91 and a fifty-two week high of $39.70. The stock’s 50 day simple moving average is $19.08 and its 200 day simple moving average is $24.89.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts predict that PDF Solutions will post 0.32 earnings per share for the current year.

Insider Transactions at PDF Solutions

In other PDF Solutions news, Director Michael B. Gustafson acquired 7,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $19.45 per share, for a total transaction of $145,875.00. Following the completion of the transaction, the director now owns 30,074 shares of the company’s stock, valued at approximately $584,939.30. This represents a 33.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Kachig Kibarian acquired 34,356 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the transaction, the chief executive officer now directly owns 2,507,112 shares of the company’s stock, valued at $57,162,153.60. This represents a 1.39% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 45,856 shares of company stock valued at $1,021,432 over the last three months. Company insiders own 11.13% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of PDF Solutions by 40.9% during the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock valued at $365,000 after purchasing an additional 5,540 shares during the last quarter. State of Wyoming lifted its holdings in shares of PDF Solutions by 21.7% in the 1st quarter. State of Wyoming now owns 14,779 shares of the technology company’s stock worth $282,000 after acquiring an additional 2,635 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in shares of PDF Solutions in the 1st quarter worth approximately $2,076,000. AlphaQuest LLC bought a new stake in shares of PDF Solutions in the 1st quarter worth approximately $308,000. Finally, Quantbot Technologies LP bought a new stake in shares of PDF Solutions in the 1st quarter worth approximately $255,000. Hedge funds and other institutional investors 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.