Needham Investment Management LLC Purchases 429,550 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Needham Investment Management LLC raised its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 32.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,759,550 shares of the technology company’s stock after buying an additional 429,550 shares during the quarter. PDF Solutions comprises about 4.3% of Needham Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. Needham Investment Management LLC owned about 4.54% of PDF Solutions worth $55,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in PDF Solutions by 9.9% in the second quarter. Assenagon Asset Management S.A. now owns 231,915 shares of the technology company’s stock valued at $8,437,000 after buying an additional 20,885 shares during the last quarter. Creative Planning acquired a new stake in shares of PDF Solutions during the third quarter worth about $341,000. Emerald Advisers LLC lifted its position in shares of PDF Solutions by 2.2% during the third quarter. Emerald Advisers LLC now owns 895,248 shares of the technology company’s stock worth $28,361,000 after purchasing an additional 19,673 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PDF Solutions by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 917,627 shares of the technology company’s stock worth $33,383,000 after purchasing an additional 16,853 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of PDF Solutions during the second quarter worth about $689,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PDFS shares. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of PDF Solutions in a research report on Friday, November 8th. StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, DA Davidson reissued a “buy” rating and set a $42.00 price target on shares of PDF Solutions in a research report on Wednesday, August 28th.

PDF Solutions Price Performance

Shares of PDFS stock traded down $0.33 during trading hours on Tuesday, reaching $31.64. 13,192 shares of the stock were exchanged, compared to its average volume of 162,264. The business’s fifty day moving average is $30.49 and its two-hundred day moving average is $32.41. PDF Solutions, Inc. has a 12-month low of $27.69 and a 12-month high of $39.70. The firm has a market capitalization of $1.23 billion, a P/E ratio of 290.66 and a beta of 1.51.

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.