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

JPMorgan Chase & Co. increased its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 41.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,627 shares of the technology company’s stock after buying an additional 30,552 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of PDF Solutions worth $2,833,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of PDF Solutions by 13.3% during the third quarter. Jane Street Group LLC now owns 36,455 shares of the technology company’s stock valued at $1,155,000 after acquiring an additional 4,271 shares during the period. Barclays PLC increased its position in shares of PDF Solutions by 388.4% during the 3rd quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock worth $1,757,000 after purchasing an additional 44,111 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PDF Solutions by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 740,179 shares of the technology company’s stock valued at $23,453,000 after purchasing an additional 9,098 shares during the last quarter. Franklin Resources Inc. lifted its holdings in PDF Solutions by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock valued at $394,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in PDF Solutions by 13.7% in the fourth quarter. Inspire Investing LLC now owns 14,848 shares of the technology company’s stock valued at $402,000 after buying an additional 1,793 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Kachig Kibarian purchased 34,356 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $22.80 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael B. Gustafson purchased 4,000 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The stock was bought 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 directly owns 22,574 shares in the company, valued at $520,556.44. The trade was a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.13% of the company’s stock.

PDF Solutions Price Performance

PDFS opened at $17.16 on Wednesday. The stock has a market capitalization of $671.20 million, a P/E ratio of 171.60 and a beta of 1.62. The company’s 50 day simple moving average is $20.23 and its 200-day simple moving average is $26.14. PDF Solutions, Inc. has a one year low of $15.91 and a one year high of $39.70.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that PDF Solutions, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and issued a $45.00 target price on shares of PDF Solutions in a research note on Tuesday, December 24th. Rosenblatt Securities cut their price objective on PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 14th. DA Davidson decreased their target price on PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, StockNews.com lowered PDF Solutions from a “buy” rating to a “hold” rating in a research note on Monday, April 14th.

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.