Raymond James Financial Inc. Makes New $2.48 Million Investment in PDF Solutions, Inc. (NASDAQ:PDFS)

Raymond James Financial Inc. acquired a new stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 91,661 shares of the technology company's stock, valued at approximately $2,482,000. Raymond James Financial Inc. owned approximately 0.24% of PDF Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PDFS. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 44,200 shares in 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 valued at $2,428,000 after purchasing an additional 2,799 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in PDF Solutions during the 4th quarter valued at $232,000. Finally, Wells Fargo & Company MN boosted 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 worth $433,000 after purchasing an additional 4,931 shares during the period. 79.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PDFS has been the topic of a number of recent analyst reports. Rosenblatt Securities cut their price objective on PDF Solutions from $37.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday. DA Davidson reduced their price target on PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd.

Insider Buying and Selling

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

PDF Solutions Price Performance

PDF Solutions stock traded down $0.01 during midday trading on Monday, reaching $19.18. 4,406 shares of the company traded hands, compared to its average volume of 184,877. PDF Solutions, Inc. has a 12 month low of $15.91 and a 12 month high of $39.70. The business has a 50 day moving average of $19.55 and a two-hundred day moving average of $25.44. The firm has a market capitalization of $750.28 million, a price-to-earnings ratio of 191.00 and a beta of 1.62.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last released 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 firm had revenue of $50.09 million during the quarter, compared to analysts' expectations of $49.40 million. As a group, equities 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.