Rosenblatt Securities Lowers PDF Solutions (NASDAQ:PDFS) Price Target to $37.00

PDF Solutions (NASDAQ:PDFS) had its price target cut by investment analysts at Rosenblatt Securities from $40.00 to $37.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 61.01% from the stock’s current price.

PDFS has been the topic of several other reports. Northland Securities reissued an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a research note on Tuesday, December 24th. StockNews.com raised PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

PDF Solutions Trading Down 18.2 %

Shares of PDFS stock opened at $22.98 on Friday. PDF Solutions has a twelve month low of $22.84 and a twelve month high of $39.70. 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 has a 50 day moving average of $28.08 and a 200 day moving average of $29.66.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share 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%. The firm had revenue of $50.09 million for the quarter, compared to analysts’ expectations of $49.40 million. On average, research analysts predict that PDF Solutions will post 0.3 earnings per share for the current fiscal year.

Insider Transactions at PDF Solutions

In related news, insider Andrzej Strojwas sold 5,030 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $30.85, for a total transaction of $155,175.50. Following the completion of the sale, the insider now directly owns 94,717 shares in the company, valued at approximately $2,922,019.45. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy Erba sold 2,000 shares of the firm’s stock in a transaction 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 in the company, valued at $423,298.59. The trade was a 12.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.13% of the company’s stock.

Institutional Trading of PDF Solutions

Several large investors have recently bought and sold shares of PDFS. Meeder Asset Management Inc. acquired a new position in shares of PDF Solutions during the 3rd quarter worth approximately $37,000. KBC Group NV boosted its stake in PDF Solutions by 91.6% during the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after buying an additional 956 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings 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 buying an additional 526 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in PDF Solutions in the 4th quarter valued at $136,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of PDF Solutions during the 4th quarter worth $160,000. Hedge funds and other institutional investors own 79.51% 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.