JPMorgan Chase & Co. Grows Stock Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

JPMorgan Chase & Co. grew its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 41.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,075 shares of the technology company’s stock after acquiring an additional 21,877 shares during the period. JPMorgan Chase & Co. owned about 0.19% of PDF Solutions worth $2,347,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in PDF Solutions by 388.4% during the third quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock worth $1,757,000 after buying an additional 44,111 shares in the last quarter. State Street Corp raised its position 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 period. Creative Planning acquired a new position in PDF Solutions during the third quarter worth $341,000. 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 worth $394,000 after acquiring an additional 1,025 shares during the period. Finally, Emerald Advisers LLC raised its position in PDF Solutions by 2.2% during the third quarter. Emerald Advisers LLC now owns 895,248 shares of the technology company’s stock worth $28,361,000 after acquiring an additional 19,673 shares during the period. 79.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PDFS. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a research report on Friday, November 8th. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Northland Securities restated an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a research report on Tuesday, December 24th.

PDF Solutions Stock Up 2.2 %

Shares of NASDAQ PDFS opened at $28.48 on Wednesday. The firm has a 50-day simple moving average of $29.47 and a 200-day simple moving average of $30.83. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 258.93 and a beta of 1.53. PDF Solutions, Inc. has a 52 week low of $26.60 and a 52 week high of $39.70.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, November 7th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $46.41 million during the quarter, compared to analyst estimates of $45.90 million. PDF Solutions had a net margin of 2.58% and a return on equity of 3.24%. During the same quarter last year, the company earned $0.04 earnings per share. As a group, equities research analysts expect that PDF Solutions, Inc. will post 0.3 EPS for the current year.

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.