PDF Solutions (NASDAQ:PDFS) Given New $37.00 Price Target at Rosenblatt Securities

PDF Solutions (NASDAQ:PDFS) had its price target decreased by Rosenblatt Securities from $40.00 to $37.00 in a research report released on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Several other research analysts have also commented on the company. Northland Securities reissued an “outperform” rating and issued a $45.00 price objective on shares of PDF Solutions in a research report on Tuesday, December 24th. StockNews.com upgraded PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th.

PDF Solutions Price Performance

NASDAQ:PDFS opened at $22.98 on Friday. The business’s 50-day moving average is $28.23 and its two-hundred day moving average is $29.78. PDF Solutions has a 12 month low of $22.84 and a 12 month high of $39.70. The firm has a market capitalization of $890.93 million, a PE ratio of 208.93 and a beta of 1.52.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). PDF Solutions had a net margin of 2.58% and a return on equity of 3.24%. Equities analysts anticipate that PDF Solutions will post 0.3 EPS for the current year.

Insider Buying and Selling

In other PDF Solutions news, insider Andrzej Strojwas sold 5,030 shares of PDF Solutions stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $30.85, for a total value of $155,175.50. Following the completion of the transaction, the insider now directly owns 94,717 shares in the company, valued at $2,922,019.45. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nancy Erba sold 2,000 shares of PDF Solutions stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $30.81, for a total value of $61,620.00. Following the completion of the transaction, the director now owns 13,739 shares of the company’s stock, valued at approximately $423,298.59. The trade was a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.13% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in PDF Solutions by 8.8% in the fourth quarter. Northern Trust Corp now owns 405,286 shares of the technology company’s stock valued at $10,975,000 after acquiring an additional 32,890 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of PDF Solutions during the fourth quarter valued at approximately $136,000. Nebula Research & Development LLC raised its holdings in shares of PDF Solutions by 21.6% during the fourth quarter. Nebula Research & Development LLC now owns 10,290 shares of the technology company’s stock valued at $279,000 after buying an additional 1,830 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of PDF Solutions by 25.6% during the fourth quarter. Voya Investment Management LLC now owns 37,969 shares of the technology company’s stock valued at $1,028,000 after buying an additional 7,743 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of PDF Solutions by 17.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,025 shares of the technology company’s stock valued at $326,000 after buying an additional 1,756 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.