658,536 Shares in PDF Solutions, Inc. $PDFS Acquired by Atreides Management LP

Key Points

• Atreides Management LP acquired 658,536 shares of PDF Solutions during the second quarter, worth approximately $46.6 million and representing about 1.65% of the company. Institutional investors collectively own 79.51% of PDFS.
• Analysts remain generally positive, with three Buy ratings and two Hold ratings. PDF Solutions has a consensus rating of “Moderate Buy” and an average price target of $63.
• PDF Solutions reported quarterly EPS of $0.27, matching expectations, while revenue of $61.53 million slightly exceeded forecasts. The stock opened at $44.93, with a market capitalization of approximately $1.79 billion.

Atreides Management LP bought a new stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 658,536 shares of the technology company's stock, valued at approximately $46,618,000. Atreides Management LP owned approximately 1.65% of PDF Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of PDFS. BlackRock Inc. acquired a new stake in shares of PDF Solutions during the second quarter valued at $392,908,000. Wasatch Advisors LP boosted its stake in shares of PDF Solutions by 171.9% during the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company's stock worth $97,743,000 after purchasing an additional 873,002 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of PDF Solutions by 0.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company's stock worth $38,757,000 after purchasing an additional 9,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of PDF Solutions during the second quarter worth about $93,416,000. Finally, Ranger Investment Management L.P. grew its holdings in shares of PDF Solutions by 9.4% during the first quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company's stock worth $41,857,000 after buying an additional 109,616 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company's stock.

Insider Transactions at PDF Solutions

In related news, Director Shuo Zhang sold 1,501 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the sale, the director owned 23,380 shares of the company's stock, valued at approximately $1,203,368.60. This represents 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. Company insiders own 11.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings raised shares of PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Sanford C. Bernstein began coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They issued an "outperform" rating and a $65.00 target price for the company. Wells Fargo & Company initiated coverage on PDF Solutions in a report on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 price target for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $63.00 price target on shares of PDF Solutions in a report on Friday, August 7th. Finally, DA Davidson set a $74.00 price target on PDF Solutions in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

PDF Solutions Stock Up 1.5%

Shares of PDFS opened at $44.93 on Thursday. PDF Solutions, Inc. has a fifty-two week low of $18.93 and a fifty-two week high of $71.68. The company's fifty day moving average is $53.17 and its two-hundred day moving average is $45.42. The firm has a market cap of $1.79 billion, a PE ratio of 179.72 and a beta of 1.67. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. The business had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Analysts forecast that PDF Solutions, Inc. will post 0.77 earnings per share for the current year.

About PDF Solutions

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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