Franklin Resources Inc. Grows Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Franklin Resources Inc. grew its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,574 shares of the technology company’s stock after purchasing an additional 1,025 shares during the period. Franklin Resources Inc.’s holdings in PDF Solutions were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in PDF Solutions in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of PDF Solutions in the third quarter valued at $37,000. GAMMA Investing LLC raised its stake in shares of PDF Solutions by 77.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,716 shares of the technology company’s stock worth $54,000 after buying an additional 748 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of PDF Solutions by 34.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock worth $65,000 after buying an additional 526 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of PDF Solutions by 20,281.5% in the 2nd quarter. Quest Partners LLC now owns 5,503 shares of the technology company’s stock worth $200,000 after buying an additional 5,476 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

PDF Solutions Trading Down 1.5 %

PDFS opened at $27.08 on Wednesday. PDF Solutions, Inc. has a twelve month low of $26.94 and a twelve month high of $39.70. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 246.20 and a beta of 1.51. The company has a fifty day simple moving average of $30.11 and a 200 day simple moving average of $31.61.

Analyst Ratings Changes

Several equities analysts have weighed in on PDFS shares. Northland Securities restated an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a report on Tuesday, December 24th. StockNews.com raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of PDF Solutions in a research report on Friday, November 8th.

Insider Activity

In other news, insider Andrzej Strojwas sold 5,030 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $30.85, for a total transaction of $155,175.50. Following the transaction, the insider now owns 94,717 shares of the company’s stock, valued at approximately $2,922,019.45. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy Erba sold 2,000 shares of PDF Solutions stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $30.81, for a total value of $61,620.00. Following the completion of the transaction, the director now owns 13,739 shares of the company’s stock, valued at $423,298.59. This trade represents a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.13% of the company’s stock.

About PDF Solutions

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.