Delta Investment Management LLC Makes New Investment in PDF Solutions, Inc. (NASDAQ:PDFS)

Delta Investment Management LLC bought a new stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,633 shares of the technology company's stock, valued at approximately $369,000.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in PDF Solutions by 41.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company's stock valued at $2,347,000 after buying an additional 21,877 shares during the period. Inspire Investing LLC grew its holdings in PDF Solutions by 13.7% during the fourth quarter. Inspire Investing LLC now owns 14,848 shares of the technology company's stock worth $402,000 after acquiring an additional 1,793 shares during the period. KBC Group NV grew its holdings 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 acquiring an additional 956 shares during the period. Empowered Funds LLC purchased a new position in PDF Solutions in the fourth quarter worth $165,000. Finally, Rhumbline Advisers lifted its holdings in PDF Solutions by 11.3% in the fourth quarter. Rhumbline Advisers now owns 104,302 shares of the technology company's stock valued at $2,824,000 after acquiring an additional 10,557 shares during the period. Institutional investors and hedge funds own 79.51% of the company's stock.

PDF Solutions Stock Performance

PDFS stock traded down $0.37 during midday trading on Friday, hitting $18.35. 139,622 shares of the stock were exchanged, compared to its average volume of 189,329. The stock's 50-day moving average price is $18.78 and its 200-day moving average price is $24.42. The stock has a market cap of $718.20 million, a price-to-earnings ratio of 183.50 and a beta of 1.47. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $39.70.

Insider Activity

In related news, Director Michael B. Gustafson acquired 7,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the transaction, the director now directly owns 30,074 shares of the company's stock, valued at approximately $584,939.30. This trade represents a 33.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Kachig Kibarian bought 34,356 shares of PDF Solutions stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the purchase, the chief executive officer now owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 45,856 shares of company stock worth $1,021,432 over the last 90 days. 11.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PDFS has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Rosenblatt Securities decreased their price objective on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, DA Davidson lowered their target price on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

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.