PDF Solutions (NASDAQ:PDFS) Receives “Buy” Rating from DA Davidson

DA Davidson restated their buy rating on shares of PDF Solutions (NASDAQ:PDFS) in a research note released on Wednesday, Benzinga reports. The brokerage currently has a $42.00 target price on the technology company’s stock.

Separately, Rosenblatt Securities reaffirmed a buy rating and issued a $40.00 target price on shares of PDF Solutions in a report on Friday, May 10th.

PDF Solutions Trading Up 0.9 %

NASDAQ PDFS opened at $31.55 on Wednesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 631.00 and a beta of 1.52. PDF Solutions has a 52-week low of $26.12 and a 52-week high of $39.70. The firm has a 50-day moving average price of $33.98 and a 200 day moving average price of $33.68. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at PDF Solutions

In other news, Director Shuo Zhang sold 5,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $34.66, for a total value of $190,630.00. Following the sale, the director now directly owns 10,381 shares in the company, valued at $359,805.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.21% of the stock is currently owned by corporate insiders.

Institutional Trading of PDF Solutions

Several large investors have recently modified their holdings of PDFS. Ranger Investment Management L.P. grew its position in shares of PDF Solutions by 49.1% in the fourth quarter. Ranger Investment Management L.P. now owns 769,650 shares of the technology company’s stock valued at $24,737,000 after purchasing an additional 253,393 shares during the last quarter. Vanguard Group Inc. boosted its position in PDF Solutions by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,089,669 shares of the technology company’s stock worth $99,302,000 after acquiring an additional 160,441 shares during the last quarter. Wasatch Advisors LP boosted its position in PDF Solutions by 12.4% during the fourth quarter. Wasatch Advisors LP now owns 1,287,236 shares of the technology company’s stock worth $41,372,000 after acquiring an additional 141,752 shares during the last quarter. Janus Henderson Group PLC boosted its position in PDF Solutions by 20.9% during the first quarter. Janus Henderson Group PLC now owns 562,326 shares of the technology company’s stock worth $18,934,000 after acquiring an additional 97,060 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in PDF Solutions by 13.9% during the second quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after acquiring an additional 90,789 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

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.