Odyssean LLC acquired a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 29,779 shares of the technology company’s stock, valued at approximately $2,108,000. Odyssean LLC owned approximately 0.07% of PDF Solutions at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in PDF Solutions in the second quarter worth $392,908,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in PDF Solutions during the second quarter valued at $93,416,000. Ranger Investment Management L.P. purchased a new position in shares of PDF Solutions in the 2nd quarter worth $81,384,000. Jupiter Topco LLC purchased a new position in shares of PDF Solutions in the 2nd quarter worth $65,677,000. Finally, Wasatch Advisors LP increased its holdings in shares of PDF Solutions by 171.9% in the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock worth $97,743,000 after buying an additional 873,002 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Weiss Ratings raised shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Rosenblatt Securities restated a “buy” rating and set a $63.00 price objective on shares of PDF Solutions in a research report on Friday, August 7th. Sanford C. Bernstein began coverage on PDF Solutions in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price objective for the company. Wells Fargo & Company started coverage on PDF Solutions in a report on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.00.
PDF Solutions Stock Up 5.0%
Shares of NASDAQ PDFS opened at $45.65 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45. The company has a market cap of $1.82 billion, a P/E ratio of 182.60 and a beta of 1.64. PDF Solutions, Inc. has a 1 year low of $19.17 and a 1 year high of $71.68. The firm has a 50-day simple moving average of $50.31 and a two-hundred day simple moving average of $45.94.
PDF Solutions (NASDAQ:PDFS – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The firm had revenue of $61.53 million for the quarter, compared to analysts’ expectations of $61.17 million. Research analysts anticipate that PDF Solutions, Inc. will post 0.77 earnings per share for the current year.
Insider Buying and Selling at PDF Solutions
In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the sale, the director owned 23,380 shares in the company, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the completion of the sale, the chief technology officer owned 90,965 shares in the company, valued at approximately $4,039,755.65. The trade was a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.08% of the company’s stock.
PDF Solutions Company Profile
PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.
The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.
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