Geode Capital Management LLC Purchases 9,098 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Geode Capital Management LLC increased its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 740,179 shares of the technology company’s stock after acquiring an additional 9,098 shares during the quarter. Geode Capital Management LLC owned approximately 1.91% of PDF Solutions worth $23,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PDFS. Needham Investment Management LLC increased its holdings in shares of PDF Solutions by 32.3% in the 3rd quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock valued at $55,743,000 after acquiring an additional 429,550 shares during the period. Janus Henderson Group PLC boosted its holdings in PDF Solutions by 16.7% in the third quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock worth $20,863,000 after acquiring an additional 94,154 shares in the last quarter. William Blair Investment Management LLC grew its position in PDF Solutions by 13.9% during the 2nd quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after purchasing an additional 90,789 shares during the last quarter. Herald Investment Management Ltd acquired a new stake in shares of PDF Solutions during the second quarter worth $2,725,000. Finally, Divisar Capital Management LLC raised its stake in PDF Solutions by 9.1% in the 2nd quarter. Divisar Capital Management LLC now owns 595,583 shares of the technology company’s stock worth $21,667,000 after acquiring an additional 49,762 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PDF Solutions

In other news, insider Andrzej Strojwas sold 5,030 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $30.85, for a total value of $155,175.50. Following the completion of the sale, the insider now directly owns 94,717 shares in the company, valued at $2,922,019.45. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy Erba sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $30.81, for a total value of $61,620.00. Following the transaction, the director now owns 13,739 shares in the company, valued at $423,298.59. This trade represents a 12.71 % decrease in their position. The disclosure for this sale can be found here. 11.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

PDF Solutions Price Performance

NASDAQ:PDFS opened at $27.89 on Friday. The company has a 50 day moving average price of $30.19 and a 200-day moving average price of $31.74. PDF Solutions, Inc. has a 1-year low of $27.52 and a 1-year high of $39.70. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 253.57 and a beta of 1.51.

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.