Rice Hall James & Associates LLC Takes Position in PDF Solutions, Inc. $PDFS

Rice Hall James & Associates LLC acquired a new position in PDF Solutions, Inc. (NASDAQ:PDFS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 163,000 shares of the technology company’s stock, valued at approximately $11,539,000.

Other large investors have also recently modified their holdings of the company. Wasatch Advisors LP lifted its position in PDF Solutions by 171.9% during the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after acquiring an additional 873,002 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in PDF Solutions in the fourth quarter worth $20,631,000. Pillsbury Lake Capital LLC purchased a new position in PDF Solutions in the fourth quarter worth $10,729,000. Bank of New York Mellon Corp acquired a new position in shares of PDF Solutions during the second quarter worth $14,747,000. Finally, Squarepoint Ops LLC increased its position in shares of PDF Solutions by 378.6% during the third quarter. Squarepoint Ops LLC now owns 254,511 shares of the technology company’s stock worth $6,571,000 after purchasing an additional 201,337 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

Insider Buying and Selling

In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the sale, the director owned 23,380 shares in the company, valued at approximately $1,203,368.60. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PDFS shares. DA Davidson set a $74.00 price objective on PDF Solutions in a research report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PDF Solutions in a research report on Friday, August 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 price target on shares of PDF Solutions in a research note on Friday, August 7th. Sanford C. Bernstein started coverage on PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PDF Solutions presently has an average rating of “Hold” and an average price target of $63.00.

PDF Solutions Trading Up 3.7%

NASDAQ PDFS opened at $52.80 on Tuesday. PDF Solutions, Inc. has a 12-month low of $18.93 and a 12-month high of $71.68. The company has a fifty day simple moving average of $55.47 and a two-hundred day simple moving average of $44.71. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.11 billion, a P/E ratio of 211.20 and a beta of 1.67.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The firm had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. On average, analysts forecast that PDF Solutions, Inc. will post 0.7 earnings per share for the current year.

PDF Solutions 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.