Bank of New York Mellon Corp Sells 6,156 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Bank of New York Mellon Corp reduced its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 208,672 shares of the technology company’s stock after selling 6,156 shares during the period. Bank of New York Mellon Corp owned 0.54% of PDF Solutions worth $5,651,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Barclays PLC raised its position 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 worth $1,757,000 after acquiring an additional 44,111 shares in the last quarter. State Street Corp grew its stake in shares of PDF Solutions by 2.1% in the 3rd quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock valued at $36,357,000 after buying an additional 23,148 shares during the period. JPMorgan Chase & Co. grew its stake in shares of PDF Solutions by 41.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company’s stock valued at $2,347,000 after buying an additional 21,877 shares during the period. Franklin Resources Inc. boosted its stake 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, Geode Capital Management LLC boosted its stake 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. 79.51% of the stock is owned by institutional investors.

PDF Solutions Price Performance

NASDAQ:PDFS opened at $21.67 on Monday. PDF Solutions, Inc. has a 1 year low of $20.78 and a 1 year high of $39.70. The company has a market cap of $847.60 million, a P/E ratio of 216.70 and a beta of 1.59. The stock’s fifty day moving average price is $25.36 and its two-hundred day moving average price is $28.36.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). The business had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. On average, analysts expect that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at PDF Solutions

In related news, Director Michael B. Gustafson acquired 4,000 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $23.06 per share, with a total value of $92,240.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Kachig Kibarian bought 34,356 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the purchase, the chief executive officer now directly owns 2,507,112 shares of the company’s stock, valued at $57,162,153.60. The trade was 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 insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Rosenblatt Securities cut their price target on PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Northland Securities reaffirmed an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a report on Tuesday, December 24th.

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.