Wasatch Advisors LP Raises Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Wasatch Advisors LP increased its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,328,265 shares of the technology company’s stock after purchasing an additional 41,029 shares during the period. Wasatch Advisors LP owned 3.44% of PDF Solutions worth $44,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. NBC Securities Inc. acquired a new stake in PDF Solutions during the 4th quarter valued at approximately $26,000. Quest Partners LLC purchased a new stake in PDF Solutions in the 4th quarter worth $72,000. PNC Financial Services Group Inc. increased its holdings in PDF Solutions by 77.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,607 shares of the technology company’s stock worth $149,000 after acquiring an additional 2,011 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in PDF Solutions by 71.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 5,821 shares of the technology company’s stock worth $189,000 after acquiring an additional 2,417 shares in the last quarter. Finally, Evoke Wealth LLC purchased a new stake in PDF Solutions in the 4th quarter worth $267,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PDFS shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of PDF Solutions in a report on Friday, May 10th. DA Davidson upped their target price on shares of PDF Solutions from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th.

Insider Buying and Selling at PDF Solutions

In other PDF Solutions news, Director Shuo Zhang sold 5,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $34.66, for a total value of $190,630.00. Following the transaction, the director now owns 10,381 shares of the company’s stock, valued at $359,805.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Shuo Zhang sold 5,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $34.66, for a total transaction of $190,630.00. Following the sale, the director now owns 10,381 shares of the company’s stock, valued at $359,805.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Adnan Raza sold 1,343 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $34.52, for a total transaction of $46,360.36. Following the sale, the chief financial officer now directly owns 74,369 shares in the company, valued at approximately $2,567,217.88. The disclosure for this sale can be found here. Insiders have sold 16,490 shares of company stock valued at $564,506 over the last 90 days. 11.21% of the stock is owned by insiders.

PDF Solutions Trading Up 3.4 %

Shares of PDFS stock opened at $36.96 on Wednesday. The company’s 50-day moving average price is $34.15 and its 200-day moving average price is $33.15. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 739.20 and a beta of 1.52. PDF Solutions, Inc. has a twelve month low of $26.12 and a twelve month high of $48.02.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.14). PDF Solutions had a net margin of 1.42% and a return on equity of 4.83%. The firm had revenue of $41.31 million for the quarter, compared to analyst estimates of $41.20 million. During the same period in the previous year, the firm posted $0.08 EPS. As a group, equities research analysts predict that PDF Solutions, Inc. will post 0.34 EPS for the current year.

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.