JPMorgan Chase & Co. Sells 38,338 Shares of PDF Solutions, Inc. $PDFS

Key Points

• JPMorgan Chase cut its stake in PDF Solutions by 73.7%, selling 38,338 shares in Q3 and ending the period with 13,648 shares worth about $352,000.
• Analyst sentiment is mixed—two Buys and one Sell produce an average rating of Hold with a $37 consensus target, while the stock recently traded around $41.33 near its 52-week high of $42.38.
• PDF Solutions beat quarterly estimates with $0.30 EPS (vs. $0.24 expected) and $62.4M revenue; the company has a $1.65B market cap, strong liquidity (current/quick ratio 2.28) but a negative trailing P/E.

JPMorgan Chase & Co. trimmed its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 73.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,648 shares of the technology company's stock after selling 38,338 shares during the quarter. JPMorgan Chase & Co.'s holdings in PDF Solutions were worth $352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in PDF Solutions during the third quarter worth $428,000. Penn Capital Management Company LLC boosted its position in shares of PDF Solutions by 2.4% in the third quarter. Penn Capital Management Company LLC now owns 117,463 shares of the technology company's stock valued at $3,033,000 after acquiring an additional 2,793 shares during the period. Dark Forest Capital Management LP boosted its position in shares of PDF Solutions by 6.2% in the third quarter. Dark Forest Capital Management LP now owns 51,347 shares of the technology company's stock valued at $1,326,000 after acquiring an additional 2,990 shares during the period. Prelude Capital Management LLC bought a new stake in shares of PDF Solutions in the third quarter valued at about $2,609,000. Finally, Numerai GP LLC bought a new stake in shares of PDF Solutions in the third quarter valued at about $387,000. 79.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PDFS shares. Weiss Ratings reissued a "sell (d)" rating on shares of PDF Solutions in a research report on Friday, March 27th. DA Davidson boosted their target price on shares of PDF Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $34.00 target price on shares of PDF Solutions in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $37.00.

PDF Solutions Trading Up 1.6%

Shares of PDF Solutions stock opened at $41.33 on Wednesday. The stock has a market cap of $1.65 billion, a PE ratio of -2,066.50 and a beta of 1.56. The firm has a 50-day moving average of $33.41 and a 200-day moving average of $30.54. PDF Solutions, Inc. has a 52-week low of $16.62 and a 52-week high of $42.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.28 and a current ratio of 2.28.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The business had revenue of $62.40 million during the quarter, compared to the consensus estimate of $61.95 million. PDF Solutions had a positive return on equity of 4.86% and a negative net margin of 0.29%. As a group, sell-side analysts forecast that PDF Solutions, Inc. will post 0.32 EPS for the current year.

About PDF Solutions

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.

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