PDF Solutions (NASDAQ:PDFS) Price Target Cut to $37.00 by Analysts at Rosenblatt Securities

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

A number of other equities research analysts have also recently weighed in on PDFS. StockNews.com upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Northland Securities reiterated an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a report on Tuesday, December 24th.

PDF Solutions Price Performance

PDFS opened at $22.98 on Friday. The stock has a market cap of $890.93 million, a P/E ratio of 208.93 and a beta of 1.52. The stock’s 50 day simple moving average is $28.23 and its 200 day simple moving average is $29.78. PDF Solutions has a 1-year low of $22.84 and a 1-year high of $39.70.

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

Insider Buying and Selling at PDF Solutions

In other PDF Solutions news, Director Nancy Erba sold 2,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $30.81, for a total transaction of $61,620.00. Following the transaction, the director now owns 13,739 shares of the company’s stock, valued at $423,298.59. This represents a 12.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrzej Strojwas sold 5,030 shares of the stock in a transaction 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 transaction, the insider now directly owns 94,717 shares in the company, valued at approximately $2,922,019.45. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. 11.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Needham Investment Management LLC raised its position in shares of PDF Solutions by 32.3% in the 3rd quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock worth $55,743,000 after buying an additional 429,550 shares during the period. State Street Corp raised its position in shares of PDF Solutions by 2.1% in the 3rd quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock worth $36,357,000 after buying an additional 23,148 shares during the period. William Blair Investment Management LLC raised its position in shares of PDF Solutions by 17.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock worth $28,802,000 after buying an additional 161,306 shares during the period. Emerald Advisers LLC raised its position in shares of PDF Solutions by 3.3% in the 4th quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company’s stock worth $25,031,000 after buying an additional 29,097 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of PDF Solutions by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company’s stock worth $24,652,000 after buying an additional 34,575 shares during the period. 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.