PNC Financial Services Group Inc. Acquires 3,085 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

PNC Financial Services Group Inc. grew its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 67.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,692 shares of the technology company’s stock after purchasing an additional 3,085 shares during the period. PNC Financial Services Group Inc.’s holdings in PDF Solutions were worth $247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $26,000. Quest Partners LLC bought a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $72,000. DekaBank Deutsche Girozentrale raised its position in shares of PDF Solutions by 71.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 5,821 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,417 shares during the period. Evoke Wealth LLC bought a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $267,000. Finally, Diversified Trust Co bought a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $311,000. Institutional investors own 79.51% of the company’s stock.

Insiders Place Their Bets

In other PDF Solutions news, Director Shuo Zhang sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $34.66, for a total value of $190,630.00. Following the completion of the transaction, the director now owns 10,381 shares of the company’s stock, valued at approximately $359,805.46. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Shuo Zhang sold 5,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $34.66, for a total value of $190,630.00. Following the completion of the sale, the director now owns 10,381 shares of the company’s stock, valued at approximately $359,805.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Adnan Raza sold 1,343 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $34.52, for a total transaction of $46,360.36. Following the completion of the sale, the chief financial officer now directly owns 74,369 shares of the company’s stock, valued at approximately $2,567,217.88. The disclosure for this sale can be found here. Insiders sold a total of 16,490 shares of company stock valued at $564,506 in the last quarter. Corporate insiders own 11.21% of the company’s stock.

Analysts Set New Price Targets

PDFS has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a research note on Friday, May 10th. DA Davidson boosted their price objective on shares of PDF Solutions from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th.

PDF Solutions Trading Down 1.8 %

Shares of NASDAQ:PDFS opened at $35.74 on Tuesday. The company has a 50 day moving average of $34.01 and a 200 day moving average of $33.10. The stock has a market cap of $1.37 billion, a P/E ratio of 714.80 and a beta of 1.52. PDF Solutions, Inc. has a 12 month low of $26.12 and a 12 month high of $48.02.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). PDF Solutions had a return on equity of 4.83% and a net margin of 1.42%. The company had revenue of $41.31 million during the quarter, compared to analysts’ expectations of $41.20 million. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities analysts forecast that PDF Solutions, Inc. will post 0.34 earnings per share for the current fiscal year.

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.