Raymond James Financial Inc. Takes $2.48 Million Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Raymond James Financial Inc. bought a new stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 91,661 shares of the technology company’s stock, valued at approximately $2,482,000. Raymond James Financial Inc. owned approximately 0.24% of PDF Solutions as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of PDF Solutions by 388.4% during 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 increased its stake in PDF Solutions by 2.1% during the third quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock worth $36,357,000 after acquiring an additional 23,148 shares during the last quarter. 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. Franklin Resources Inc. raised its position in PDF Solutions by 8.9% during the third 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 period. Finally, Geode Capital Management LLC lifted its stake in shares of PDF Solutions by 1.2% in 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 currently owned by institutional investors.

PDF Solutions Stock Down 3.8 %

PDFS opened at $19.28 on Friday. The stock’s fifty day moving average is $23.97 and its two-hundred day moving average is $27.75. 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, Inc. has a 52 week low of $19.17 and a 52 week high of $39.70.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 earnings per share 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%. Equities analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other PDF Solutions news, Director Michael B. Gustafson purchased 4,000 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $23.06 per share, with a total value of $92,240.00. Following the completion of the acquisition, the director now owns 22,574 shares in the company, valued at $520,556.44. The trade was a 21.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Kachig Kibarian acquired 34,356 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the acquisition, the chief executive officer now 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 disclosure for this purchase can be found here. 11.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.