Renaissance Technologies LLC Raises Stock Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Renaissance Technologies LLC raised its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 113.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,100 shares of the technology company's stock after buying an additional 44,200 shares during the quarter. Renaissance Technologies LLC owned about 0.21% of PDF Solutions worth $2,250,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pitcairn Co. boosted its position in shares of PDF Solutions by 3.1% during the fourth quarter. Pitcairn Co. now owns 13,000 shares of the technology company's stock valued at $352,000 after buying an additional 390 shares during the last quarter. KBC Group NV lifted its stake in 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 acquiring an additional 956 shares during the period. Swiss National Bank boosted its holdings in shares of PDF Solutions by 1.7% during the 4th quarter. Swiss National Bank now owns 61,000 shares of the technology company's stock valued at $1,652,000 after acquiring an additional 1,000 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of 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. Finally, LPL Financial LLC raised its holdings in shares of PDF Solutions by 13.2% during the fourth quarter. LPL Financial LLC now owns 10,101 shares of the technology company's stock valued at $274,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors own 79.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PDFS shares. DA Davidson dropped their target price on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. StockNews.com raised PDF Solutions from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Rosenblatt Securities cut their price objective on PDF Solutions from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday, February 14th.

Insider Activity

In other news, Director Michael B. Gustafson bought 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the purchase, the director now owns 22,574 shares in the company, valued at $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John Kachig Kibarian purchased 34,356 shares of the business's stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.13% of the company's stock.

PDF Solutions Trading Up 1.1 %

Shares of PDFS stock opened at $18.76 on Friday. The company has a 50 day simple moving average of $19.98 and a two-hundred day simple moving average of $25.92. The stock has a market cap of $733.78 million, a P/E ratio of 187.60 and a beta of 1.62. PDF Solutions, Inc. has a 12 month low of $15.91 and a 12 month high of $39.70.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The company had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. As a group, equities analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

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.

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