Geode Capital Management LLC Grows Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Geode Capital Management LLC raised its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 1.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 740,179 shares of the technology company’s stock after purchasing an additional 9,098 shares during the quarter. Geode Capital Management LLC’s holdings in PDF Solutions were worth $23,453,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. nVerses Capital LLC purchased a new position in PDF Solutions during the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of PDF Solutions in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC boosted its position in shares of PDF Solutions by 77.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,716 shares of the technology company’s stock worth $54,000 after purchasing an additional 748 shares during the period. Nisa Investment Advisors LLC increased its holdings in PDF Solutions by 34.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after purchasing an additional 526 shares during the last quarter. Finally, Quest Partners LLC raised its position in PDF Solutions by 20,281.5% in the second quarter. Quest Partners LLC now owns 5,503 shares of the technology company’s stock valued at $200,000 after purchasing an additional 5,476 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nancy Erba sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $30.81, for a total value of $61,620.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrzej Strojwas sold 5,030 shares of the company’s stock in a transaction on 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 owns 94,717 shares of the company’s stock, valued at approximately $2,922,019.45. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. 11.13% of the stock is owned by company insiders.

PDF Solutions Trading Down 3.0 %

Shares of PDFS opened at $27.89 on Friday. The firm’s fifty day simple moving average is $30.19 and its 200-day simple moving average is $31.74. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 253.57 and a beta of 1.51. PDF Solutions, Inc. has a twelve month low of $27.52 and a twelve month high of $39.70.

Wall Street Analysts Forecast Growth

PDFS has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of PDF Solutions in a report on Friday, November 8th. StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a research note on Tuesday.

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.