Renaissance Technologies LLC Purchases 44,200 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Renaissance Technologies LLC grew its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 113.6% in the fourth quarter, Holdings Channel reports. The fund owned 83,100 shares of the technology company’s stock after buying an additional 44,200 shares during the quarter. Renaissance Technologies LLC’s holdings in PDF Solutions were worth $2,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PDFS. Jane Street Group LLC lifted its position in 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 purchasing an additional 4,271 shares during the last quarter. Barclays PLC lifted its holdings in shares of PDF Solutions by 388.4% in the 3rd quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock valued at $1,757,000 after acquiring an additional 44,111 shares during the last quarter. Geode Capital Management LLC grew its position in PDF Solutions by 1.2% in the third quarter. Geode Capital Management LLC now owns 740,179 shares of the technology company’s stock worth $23,453,000 after acquiring an additional 9,098 shares in the last quarter. Franklin Resources Inc. increased its stake in PDF Solutions by 8.9% during the third quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock worth $394,000 after acquiring an additional 1,025 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in PDF Solutions by 41.9% during the third quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company’s stock valued at $2,347,000 after purchasing an additional 21,877 shares during the period. 79.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PDF Solutions

In other news, Director Michael B. Gustafson purchased 4,000 shares of the company’s stock in a transaction dated 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 owns 22,574 shares of the company’s stock, valued at $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Kachig Kibarian acquired 34,356 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the completion of 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 represents a 1.39 % increase in their ownership of the stock. 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 NASDAQ PDFS opened at $18.76 on Friday. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $39.70. The company has a market cap of $733.78 million, a price-to-earnings ratio of 187.60 and a beta of 1.62. The business’s 50 day moving average price is $19.98 and its 200-day moving average price is $25.92.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PDFS. DA Davidson cut their target price on PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities lowered their target price on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 14th.

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.