JPMorgan Chase & Co. Purchases 30,552 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

JPMorgan Chase & Co. increased its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 41.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,627 shares of the technology company's stock after purchasing an additional 30,552 shares during the period. JPMorgan Chase & Co. owned approximately 0.27% of PDF Solutions worth $2,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PDFS. William Blair Investment Management LLC raised its holdings in shares of PDF Solutions by 17.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock valued at $28,802,000 after purchasing an additional 161,306 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in PDF Solutions during the fourth quarter valued at approximately $2,482,000. Thrivent Financial for Lutherans increased its holdings in PDF Solutions by 14.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company's stock valued at $11,338,000 after buying an additional 53,037 shares during the last quarter. Barclays PLC increased its holdings in PDF Solutions by 388.4% during the third quarter. Barclays PLC now owns 55,467 shares of the technology company's stock valued at $1,757,000 after buying an additional 44,111 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in PDF Solutions by 38.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 148,572 shares of the technology company's stock valued at $4,023,000 after buying an additional 41,606 shares during the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PDFS has been the subject of a number of research reports. DA Davidson reduced their target price on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com raised shares of PDF Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Finally, Rosenblatt Securities reduced their target price on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday, February 14th.

PDF Solutions Stock Down 1.5 %

PDFS stock traded down $0.28 during trading on Monday, reaching $18.48. The company's stock had a trading volume of 205,613 shares, compared to its average volume of 184,265. PDF Solutions, Inc. has a 1 year low of $15.91 and a 1 year high of $39.70. The company has a market capitalization of $722.83 million, a P/E ratio of 184.80 and a beta of 1.62. The company's fifty day moving average is $19.90 and its 200-day moving average is $25.76.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The business had revenue of $50.09 million during the quarter, compared to analysts' expectations of $49.40 million. Analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO John Kachig Kibarian acquired 34,356 shares of the business's stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the transaction, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael B. Gustafson acquired 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $23.06 per share, with a total value of $92,240.00. Following the transaction, the director now owns 22,574 shares of the company's stock, valued at approximately $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is currently owned by company insiders.

PDF Solutions 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.