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

Raymond James Financial Inc. acquired a new stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 91,661 shares of the technology company's stock, valued at approximately $2,482,000. Raymond James Financial Inc. owned 0.24% of PDF Solutions at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV boosted its holdings in PDF Solutions by 91.6% in 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 period. Empowered Funds LLC purchased a new stake in shares of PDF Solutions in the fourth quarter worth $165,000. Franklin Resources Inc. boosted its stake 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 buying an additional 1,025 shares during the period. Inspire Investing LLC grew its position in PDF Solutions by 13.7% during the fourth quarter. Inspire Investing LLC now owns 14,848 shares of the technology company's stock worth $402,000 after buying an additional 1,793 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in PDF Solutions by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 28,500 shares of the technology company's stock worth $772,000 after acquiring an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

Insider Transactions at PDF Solutions

In other PDF Solutions news, CEO John Kachig Kibarian purchased 34,356 shares of PDF Solutions stock in a transaction that occurred on 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 directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This trade 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 this link. Also, Director Michael B. Gustafson acquired 4,000 shares of the company's 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 acquisition, the director now owns 22,574 shares in the company, 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. Company insiders own 11.13% of the company's stock.

PDF Solutions Stock Performance

PDFS traded down $0.14 during midday trading on Wednesday, hitting $19.04. The stock had a trading volume of 194,581 shares, compared to its average volume of 174,072. The company has a market cap of $744.73 million, a P/E ratio of 190.40 and a beta of 1.59. PDF Solutions, Inc. has a 1 year low of $18.50 and a 1 year high of $39.70. The business has a fifty day moving average of $23.42 and a 200 day moving average of $27.55.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced 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 net margin of 2.26% and a return on equity of 3.94%. On average, equities research analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PDFS has been the subject of several research analyst reports. Northland Securities reiterated an "outperform" rating and set a $45.00 target price on shares of PDF Solutions in a research report on Tuesday, December 24th. Rosenblatt Securities lowered 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.