Divisar Capital Management LLC Grows Stake in PDF Solutions, Inc. (PDFS)
Divisar Capital Management LLC lifted its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 97.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 821,968 shares of the technology company’s stock after acquiring an additional 406,621 shares during the period. PDF Solutions makes up about 6.2% of Divisar Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Divisar Capital Management LLC owned 2.54% of PDF Solutions worth $13,521,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. acquired a new stake in shares of PDF Solutions during the 2nd quarter valued at about $178,000. Sei Investments Co. increased its stake in PDF Solutions by 30.3% in the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock valued at $189,000 after acquiring an additional 2,669 shares during the period. Bank of America Corp DE increased its stake in PDF Solutions by 9.8% in the first quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock valued at $212,000 after acquiring an additional 833 shares during the period. Marshall Wace North America L.P. acquired a new position in PDF Solutions in the first quarter worth about $222,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in PDF Solutions in the first quarter worth about $222,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
PDF Solutions, Inc. (PDFS) traded up 0.06% on Wednesday, reaching $16.32. The company’s stock had a trading volume of 55,993 shares. The company has a market cap of $527.67 million, a P/E ratio of 96.57 and a beta of 1.40. The company has a 50-day moving average price of $15.06 and a 200 day moving average price of $17.68. PDF Solutions, Inc. has a 12 month low of $14.11 and a 12 month high of $24.44.
PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. PDF Solutions had a net margin of 5.29% and a return on equity of 2.78%. The firm had revenue of $24.30 million during the quarter, compared to the consensus estimate of $26.58 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that PDF Solutions, Inc. will post $0.43 EPS for the current fiscal year.
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In related news, Director Lucio Lanza sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $15.00, for a total value of $900,000.00. Following the completion of the sale, the director now directly owns 318,967 shares in the company, valued at $4,784,505. The sale was disclosed in a filing with the SEC, which is available at this link. 16.20% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of PDF Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded PDF Solutions from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Northland Securities raised PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Tuesday. Finally, Craig Hallum lowered PDF Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $22.00 to $18.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. PDF Solutions has an average rating of “Hold” and a consensus price target of $23.33.
PDF Solutions Company Profile
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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