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

JPMorgan Chase & Co. lifted 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,627 shares of the technology company’s stock after purchasing an additional 30,552 shares during the quarter. JPMorgan Chase & Co.’s holdings in PDF Solutions were worth $2,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV raised its holdings in PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after buying an additional 956 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of PDF Solutions during the fourth quarter worth $160,000. Empowered Funds LLC acquired a new stake in shares of PDF Solutions during the fourth quarter worth $165,000. LPL Financial LLC lifted its position in PDF Solutions by 13.2% in the 4th quarter. LPL Financial LLC now owns 10,101 shares of the technology company’s stock valued at $274,000 after acquiring an additional 1,175 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in PDF Solutions in the 4th quarter worth $281,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Insider Buying and Selling

In other 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 acquired at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the purchase, the director now owns 22,574 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CEO John Kachig Kibarian purchased 34,356 shares of PDF Solutions stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $22.80 per share, with a total value of $783,316.80. Following the acquisition, the chief executive officer now directly owns 2,507,112 shares of the company’s stock, 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PDFS shares. StockNews.com downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. Rosenblatt Securities dropped their target price 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 reduced their price target on PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Northland Securities reiterated an “outperform” rating and issued a $45.00 price objective on shares of PDF Solutions in a report on Tuesday, December 24th.

PDF Solutions Price Performance

PDF Solutions stock opened at $17.16 on Wednesday. The firm has a 50-day moving average of $20.23 and a 200-day moving average of $26.14. The company has a market cap of $671.20 million, a price-to-earnings ratio of 171.60 and a beta of 1.62. PDF Solutions, Inc. has a one year low of $15.91 and a one year high of $39.70.

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

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.