Needham Investment Management LLC Cuts Stock Position in PDF Solutions, Inc. $PDFS

Needham Investment Management LLC lowered its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,965,000 shares of the technology company’s stock after selling 53,550 shares during the period. PDF Solutions accounts for about 3.5% of Needham Investment Management LLC’s holdings, making the stock its 3rd biggest holding. Needham Investment Management LLC’s holdings in PDF Solutions were worth $56,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PDFS. Hantz Financial Services Inc. grew its holdings in shares of PDF Solutions by 122.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock worth $32,000 after buying an additional 615 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in PDF Solutions by 257.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock valued at $73,000 after buying an additional 2,442 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in PDF Solutions in the 4th quarter valued at $82,000. Johnson Financial Group Inc. bought a new stake in PDF Solutions during the 3rd quarter worth about $83,000. Finally, iSAM Funds UK Ltd bought a new stake in PDF Solutions during the 3rd quarter worth about $100,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PDFS shares. Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Rosenblatt Securities reissued a “buy” rating and set a $52.00 price target on shares of PDF Solutions in a research report on Tuesday, May 19th. Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, DA Davidson reissued a “buy” rating and issued a $56.00 price objective on shares of PDF Solutions in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PDF Solutions presently has a consensus rating of “Hold” and an average price target of $54.00.

PDF Solutions Stock Up 1.5%

Shares of NASDAQ PDFS opened at $65.09 on Tuesday. The stock’s fifty day moving average is $47.03 and its 200 day moving average is $37.08. The stock has a market capitalization of $2.60 billion, a P/E ratio of 361.63 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. PDF Solutions, Inc. has a 52 week low of $18.12 and a 52 week high of $66.98.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $60.13 million for the quarter, compared to analysts’ expectations of $59.71 million. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. Sell-side analysts forecast that PDF Solutions, Inc. will post 0.67 earnings per share for the current fiscal year.

PDF Solutions Profile

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.