M&T Bank Corp Sells 31,539 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

M&T Bank Corp trimmed its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 70.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,479 shares of the technology company’s stock after selling 31,539 shares during the quarter. M&T Bank Corp’s holdings in PDF Solutions were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in 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 last quarter. Bank of America Corp DE grew its stake in shares of PDF Solutions by 50.7% during the fourth quarter. Bank of America Corp DE now owns 90,851 shares of the technology company’s stock valued at $2,460,000 after purchasing an additional 30,548 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of PDF Solutions by 391.4% during the first quarter. SG Americas Securities LLC now owns 20,287 shares of the technology company’s stock valued at $388,000 after purchasing an additional 16,159 shares during the last quarter. Bridge City Capital LLC bought a new stake in shares of PDF Solutions during the first quarter valued at approximately $1,527,000. Finally, Emerald Advisers LLC grew its stake in shares of PDF Solutions by 3.3% during the fourth quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company’s stock valued at $25,031,000 after purchasing an additional 29,097 shares during the last quarter. 79.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PDF Solutions news, Director Michael B. Gustafson acquired 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the completion of the acquisition, the director directly owned 30,074 shares of the company’s stock, valued at approximately $584,939.30. This represents a 33.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Rosenblatt Securities decreased their price target on shares of PDF Solutions from $37.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. DA Davidson decreased their price target on shares of PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th.

PDF Solutions Trading Up 0.3%

Shares of NASDAQ PDFS opened at $23.58 on Friday. The company’s 50 day simple moving average is $20.51 and its 200 day simple moving average is $21.83. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $37.80. The firm has a market capitalization of $922.92 million, a P/E ratio of 786.26 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.19 and a quick ratio of 2.19.

PDF Solutions 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.