Assenagon Asset Management S.A. Sells 160,845 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Assenagon Asset Management S.A. decreased its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 70.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,863 shares of the technology company’s stock after selling 160,845 shares during the period. Assenagon Asset Management S.A. owned 0.17% of PDF Solutions worth $1,811,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PDFS. Dana Investment Advisors Inc. increased its position in shares of PDF Solutions by 0.9% during the second quarter. Dana Investment Advisors Inc. now owns 54,664 shares of the technology company’s stock valued at $1,989,000 after acquiring an additional 491 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in PDF Solutions by 34.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after purchasing an additional 526 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of PDF Solutions by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,433 shares of the technology company’s stock valued at $598,000 after purchasing an additional 707 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of PDF Solutions by 77.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,716 shares of the technology company’s stock worth $54,000 after purchasing an additional 748 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of PDF Solutions by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock worth $394,000 after buying an additional 1,025 shares during the last quarter. Institutional investors own 79.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PDFS. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a report on Friday, November 8th. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a report on Tuesday, December 24th.

PDF Solutions Stock Performance

Shares of PDF Solutions stock opened at $28.28 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 257.11 and a beta of 1.53. PDF Solutions, Inc. has a 52-week low of $26.60 and a 52-week high of $39.70. The stock’s 50-day simple moving average is $29.32 and its 200 day simple moving average is $30.76.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, November 7th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $46.41 million during the quarter, compared to analysts’ expectations of $45.90 million. PDF Solutions had a return on equity of 3.24% and a net margin of 2.58%. During the same quarter in the previous year, the business earned $0.04 EPS. Equities research analysts forecast that PDF Solutions, Inc. will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at PDF Solutions

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

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.