PDF Solutions, Inc. (NASDAQ:PDFS) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,851 shares of the technology company's stock after buying an additional 30,548 shares during the quarter. Bank of America Corp DE owned 0.23% of PDF Solutions worth $2,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. William Blair Investment Management LLC raised its holdings in PDF Solutions by 17.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock worth $28,802,000 after purchasing an additional 161,306 shares during the period. Emerald Advisers LLC raised its holdings in PDF Solutions by 3.3% in the 4th quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company's stock worth $25,031,000 after purchasing an additional 29,097 shares during the period. Dimensional Fund Advisors LP raised its holdings in PDF Solutions by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company's stock worth $24,652,000 after purchasing an additional 34,575 shares during the period. Thrivent Financial for Lutherans raised its holdings in PDF Solutions by 14.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company's stock worth $11,338,000 after purchasing an additional 53,037 shares during the period. Finally, Northern Trust Corp raised its holdings in PDF Solutions by 8.8% in the 4th quarter. Northern Trust Corp now owns 405,286 shares of the technology company's stock worth $10,975,000 after purchasing an additional 32,890 shares during the period. Institutional investors and hedge funds own 79.51% of the company's stock.

PDF Solutions Price Performance

Shares of NASDAQ PDFS traded up $0.12 during mid-day trading on Thursday, hitting $19.07. The company had a trading volume of 301,195 shares, compared to its average volume of 192,018. The company has a market capitalization of $746.38 million, a PE ratio of 190.70 and a beta of 1.47. PDF Solutions, Inc. has a 1-year low of $15.91 and a 1-year high of $39.70. The business's 50-day simple moving average is $18.40 and its 200 day simple moving average is $23.72.

Insider Activity

In related news, Director Michael B. Gustafson purchased 7,500 shares of PDF Solutions stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the transaction, the director now owns 30,074 shares in the company, valued at approximately $584,939.30. The trade was a 33.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Rosenblatt Securities cut their price objective on PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, DA Davidson cut their price objective on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

PDF Solutions Company Profile

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.