PDF Solutions, Inc. (PDFS) Stake Lowered by JPMorgan Chase & Co.
JPMorgan Chase & Co. decreased its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 38.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 26,865 shares of the technology company’s stock after selling 16,635 shares during the period. JPMorgan Chase & Co.’s holdings in PDF Solutions were worth $608,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. boosted its position in PDF Solutions by 4.4% in the first quarter. Sei Investments Co. now owns 8,800 shares of the technology company’s stock worth $199,000 after buying an additional 372 shares during the period. Teachers Advisors LLC boosted its position in PDF Solutions by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 43,488 shares of the technology company’s stock worth $981,000 after buying an additional 1,088 shares during the period. TD Asset Management Inc. boosted its position in PDF Solutions by 7.4% in the first quarter. TD Asset Management Inc. now owns 33,500 shares of the technology company’s stock worth $758,000 after buying an additional 2,300 shares during the period. Wells Fargo & Company MN boosted its position in PDF Solutions by 8.6% in the first quarter. Wells Fargo & Company MN now owns 41,795 shares of the technology company’s stock worth $945,000 after buying an additional 3,325 shares during the period. Finally, State Street Corp boosted its position in PDF Solutions by 0.9% in the fourth quarter. State Street Corp now owns 468,229 shares of the technology company’s stock worth $10,561,000 after buying an additional 4,023 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.
PDF Solutions, Inc. (PDFS) opened at 19.32 on Monday. PDF Solutions, Inc. has a 1-year low of $14.03 and a 1-year high of $24.44. The stock’s 50 day moving average is $17.23 and its 200-day moving average is $20.19. The firm has a market capitalization of $620.98 million, a PE ratio of 84.37 and a beta of 1.49.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $24.30 million for the quarter, compared to analyst estimates of $27.03 million. PDF Solutions had a net margin of 7.07% and a return on equity of 4.31%. PDF Solutions’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. Equities research analysts forecast that PDF Solutions, Inc. will post $0.59 EPS for the current year.
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A number of research firms have recently weighed in on PDFS. Craig Hallum raised shares of PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, July 12th. BidaskClub raised shares of PDF Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. ValuEngine cut shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Finally, Northland Securities cut shares of PDF Solutions from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.00.
In other news, Director Lucio Lanza sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $16.61, for a total transaction of $249,150.00. Following the transaction, the director now directly owns 335,623 shares of the company’s stock, valued at $5,574,698.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 90,000 shares of company stock worth $1,534,800 over the last three months. Corporate insiders own 16.20% of the company’s stock.
About PDF Solutions
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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