95,117 Shares in PDF Solutions, Inc. $PDFS Bought by Bank of America Corp DE

Key Points

• Bank of America initiated a position in PDF Solutions by purchasing 95,117 shares valued at approximately $6.7 million, representing 0.24% of the company. Institutional investors collectively own 79.51% of PDFS.
• Analysts hold a generally positive outlook, with six Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and an average price target of $54.00.
• PDF Solutions reported quarterly EPS of $0.27, matching estimates, while revenue of $61.53 million exceeded expectations. The stock opened at $49.55, with a market capitalization of approximately $1.98 billion and a high P/E ratio of 198.20.

Bank of America Corp DE bought a new stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 95,117 shares of the technology company's stock, valued at approximately $6,733,000. Bank of America Corp DE owned 0.24% of PDF Solutions at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Freestone Grove Partners LP purchased a new stake in shares of PDF Solutions in the second quarter worth about $496,000. Odyssean LLC purchased a new position in PDF Solutions during the second quarter valued at approximately $2,108,000. Man Group plc bought a new stake in PDF Solutions during the 2nd quarter worth approximately $515,000. Jupiter Topco LLC purchased a new stake in PDF Solutions in the 2nd quarter worth approximately $65,677,000. Finally, Legal & General Group Plc purchased a new stake in PDF Solutions in the 2nd quarter worth approximately $5,733,000. Hedge funds and other institutional investors own 79.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PDFS shares. Morgan Stanley assumed coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They issued an "overweight" rating and a $62.00 price target for the company. Wells Fargo & Company began coverage on PDF Solutions in a research report on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Royal Bank Of Canada lowered PDF Solutions to an "outperform" rating in a research note on Tuesday, September 8th. Sanford C. Bernstein began coverage on PDF Solutions in a research report on Tuesday, August 11th. They set an "outperform" rating and a $65.00 target price for the company. Finally, UBS Group restated a "neutral" rating on shares of PDF Solutions in a research note on Monday, September 21st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $54.00.

PDF Solutions Stock Performance

Shares of PDFS stock opened at $49.55 on Monday. The business has a 50-day moving average price of $46.97 and a two-hundred day moving average price of $47.41. PDF Solutions, Inc. has a 12-month low of $23.55 and a 12-month high of $71.68. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.98 billion, a P/E ratio of 198.20 and a beta of 1.64.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $61.17 million. Equities analysts anticipate that PDF Solutions, Inc. will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Shuo Zhang sold 1,501 shares of the firm's 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 completion of the sale, the director owned 23,380 shares of the company's stock, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction 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. This trade represents a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is owned by corporate insiders.

About PDF Solutions

PDF Solutions, Inc provides software, hardware and services that help semiconductor and electronics manufacturers improve product quality, manufacturing efficiency and yields. Its solutions collect and analyze data across the semiconductor production process, enabling customers to identify defects, monitor process performance and make data-driven decisions from design through manufacturing and test.

The company's offerings include the Exensio platform, a suite of manufacturing analytics and data-management applications.

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