Swiss National Bank Grows Stake in PDF Solutions, Inc. (NASDAQ:PDFS)

Swiss National Bank boosted its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,000 shares of the technology company’s stock after acquiring an additional 1,000 shares during the quarter. Swiss National Bank owned 0.16% of PDF Solutions worth $1,652,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its position in shares of PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after purchasing an additional 956 shares during the last quarter. Empowered Funds LLC purchased a new stake in PDF Solutions during the fourth quarter valued at approximately $165,000. Franklin Resources Inc. raised its position in PDF Solutions by 8.9% in 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 period. Inspire Investing LLC boosted its stake in shares of PDF Solutions by 13.7% during the 4th quarter. Inspire Investing LLC now owns 14,848 shares of the technology company’s stock worth $402,000 after acquiring an additional 1,793 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of PDF Solutions by 7.5% during the 4th quarter. Victory Capital Management Inc. now owns 28,500 shares of the technology company’s stock valued at $772,000 after acquiring an additional 1,999 shares during the period. Institutional investors own 79.51% of the company’s stock.

PDF Solutions Stock Performance

NASDAQ PDFS opened at $19.28 on Friday. The stock has a 50 day moving average price of $23.97 and a 200-day moving average price of $27.76. PDF Solutions, Inc. has a one year low of $19.17 and a one year high of $39.70. The company has a market capitalization of $754.12 million, a P/E ratio of 192.80 and a beta of 1.59.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) 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 analysts’ expectations of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. As a group, equities analysts predict that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other PDF Solutions news, CEO John Kachig Kibarian bought 34,356 shares of the company’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the transaction, the chief executive officer now directly owns 2,507,112 shares of the company’s stock, valued at approximately $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Gustafson purchased 4,000 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 11.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Northland Securities reissued an “outperform” rating and issued a $45.00 target price on shares of PDF Solutions in a report on Tuesday, December 24th. Rosenblatt Securities decreased their price objective on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, February 14th.

PDF Solutions Company 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.