Zacks Investment Research downgraded shares of PDF Solutions Inc. (NASDAQ:PDFS) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “

Separately, Craig Hallum downgraded PDF Solutions from a buy rating to a hold rating and set a $17.00 price target for the company. in a research report on Friday, July 29th.

Shares of PDF Solutions (NASDAQ:PDFS) traded down 0.39% during midday trading on Tuesday, hitting $17.70. The stock had a trading volume of 19,241 shares. PDF Solutions has a one year low of $8.70 and a one year high of $18.63. The stock has a market cap of $554.74 million, a PE ratio of 65.80 and a beta of 1.58. The firm has a 50 day moving average price of $17.13 and a 200 day moving average price of $15.06.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The firm had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.66 million. During the same period last year, the firm posted $0.18 EPS. PDF Solutions’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts forecast that PDF Solutions will post $0.68 earnings per share for the current fiscal year.

In other PDF Solutions news, CFO Gregory C. Walker sold 2,382 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $17.00, for a total transaction of $40,494.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Cornelis Hartgring sold 14,031 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $16.66, for a total value of $233,756.46. The disclosure for this sale can be found here. 16.20% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Springbank Value Partners LP boosted its stake in shares of PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock valued at $175,000 after buying an additional 918 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock valued at $184,000 after buying an additional 591 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock valued at $276,000 after buying an additional 1,136 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of PDF Solutions during the second quarter valued at about $302,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

PDF Solutions Company Profile

PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.

5 Day Chart for NASDAQ:PDFS

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