Bank of New York Mellon Corp Purchases Shares of 208,318 PDF Solutions, Inc. $PDFS

Key Points

• Bank of New York Mellon acquired 208,318 PDF Solutions shares worth approximately $14.7 million during the second quarter, giving it about a 0.52% stake. Institutional investors collectively own 79.51% of the company.
• PDF Solutions reported quarterly EPS of $0.27, matching consensus, while revenue of $61.53 million exceeded estimates of $61.17 million. Analysts expect full-year EPS of approximately $0.77.
• Analyst sentiment remains positive, with an average “Moderate Buy” rating and a $63 target price, although company insiders recently sold shares and the stock opened at $41.79, below its 50-day moving average.

Bank of New York Mellon Corp acquired a new position 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 & Exchange Commission. The firm acquired 208,318 shares of the technology company's stock, valued at approximately $14,747,000. Bank of New York Mellon Corp owned approximately 0.52% of PDF Solutions at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PDFS. Wasatch Advisors LP boosted 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 valued at $97,743,000 after buying an additional 873,002 shares in the last quarter. William Blair Investment Management LLC raised its stake in 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 acquiring an additional 9,040 shares in the last quarter. Ranger Investment Management L.P. lifted its position in PDF Solutions by 9.4% in the first quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company's stock valued at $41,857,000 after acquiring an additional 109,616 shares during the last quarter. State Street Corp boosted its stake in PDF Solutions by 0.5% in the fourth quarter. State Street Corp now owns 1,151,576 shares of the technology company's stock valued at $32,854,000 after acquiring an additional 5,619 shares in the last quarter. Finally, Samjo Management LLC boosted its stake in PDF Solutions by 2.7% in the fourth quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company's stock valued at $32,839,000 after acquiring an additional 30,300 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

PDF Solutions Stock Performance

Shares of PDFS stock opened at $41.79 on Wednesday. The stock's 50-day moving average price is $51.59 and its 200 day moving average price is $45.81. 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 stock has a market capitalization of $1.67 billion, a PE ratio of 167.16 and a beta of 1.64. PDF Solutions, Inc. has a 52-week low of $18.93 and a 52-week high of $71.68.

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

Insider Buying and Selling at PDF Solutions

In other news, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $44.41, for a total value of $150,727.54. Following the sale, the chief technology officer owned 90,965 shares of the company's stock, valued at $4,039,755.65. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the director owned 23,380 shares in the company, valued at approximately $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PDFS. Rosenblatt Securities reiterated a "buy" rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. DA Davidson set a $74.00 target price on PDF Solutions in a research report on Monday, August 17th. Sanford C. Bernstein initiated coverage on PDF Solutions in a research note on Tuesday, August 11th. They set an "outperform" rating and a $65.00 price target on the stock. Wells Fargo & Company began coverage on PDF Solutions in a research report on Tuesday, August 4th. They set an "equal weight" rating and a $50.00 price target on the stock. Finally, Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $63.00.

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.

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