Raymond James Financial Inc. Buys Shares of 91,661 PDF Solutions, Inc. (NASDAQ:PDFS)

Raymond James Financial Inc. bought a new stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 91,661 shares of the technology company's stock, valued at approximately $2,482,000. Raymond James Financial Inc. owned about 0.24% of PDF Solutions as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PDFS. Renaissance Technologies LLC grew its holdings in PDF Solutions by 113.6% in the 4th quarter. Renaissance Technologies LLC now owns 83,100 shares of the technology company's stock valued at $2,250,000 after buying an additional 44,200 shares during the last quarter. Legal & General Group Plc lifted its position in PDF Solutions by 3.2% in the fourth quarter. Legal & General Group Plc now owns 89,669 shares of the technology company's stock worth $2,428,000 after purchasing an additional 2,799 shares during the period. Envestnet Asset Management Inc. raised its position in PDF Solutions by 4.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 43,763 shares of the technology company's stock worth $1,185,000 after purchasing an additional 2,015 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of PDF Solutions during the 4th quarter worth approximately $232,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of PDF Solutions by 44.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,990 shares of the technology company's stock valued at $433,000 after acquiring an additional 4,931 shares during the period. Institutional investors and hedge funds own 79.51% of the company's stock.

Analyst Ratings Changes

PDFS has been the topic of a number of research analyst reports. Rosenblatt Securities decreased their price target on PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. DA Davidson lowered their target price 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. Finally, StockNews.com raised PDF Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd.

Insider Transactions at PDF Solutions

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

PDF Solutions Stock Performance

Shares of PDFS opened at $18.51 on Wednesday. The business's fifty day moving average price is $19.78 and its two-hundred day moving average price is $25.71. The firm has a market capitalization of $724.00 million, a price-to-earnings ratio of 185.10 and a beta of 1.62. PDF Solutions, Inc. has a 52 week low of $15.91 and a 52 week high of $39.70.

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

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.

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