Barrow Hanley Mewhinney & Strauss LLC Makes New $93.42 Million Investment in PDF Solutions, Inc. $PDFS

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 1.32 million PDF Solutions shares worth approximately $93.4 million, giving it a 3.31% stake. Institutional investors collectively own 79.51% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $63 price target; individual targets range from $50 to $74.
• PDF Solutions matched quarterly earnings expectations at $0.27 per share and slightly exceeded revenue estimates with $61.53 million, while a company director sold 1,501 shares worth about $77,256.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,319,627 shares of the technology company's stock, valued at approximately $93,416,000. Barrow Hanley Mewhinney & Strauss LLC owned about 3.31% of PDF Solutions as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in PDF Solutions during the second quarter worth approximately $33,000. TRB Wealth Management LLC bought a new position in shares of PDF Solutions during the 2nd quarter worth approximately $259,000. William Blair Investment Management LLC bought a new position in shares of PDF Solutions during the 2nd quarter worth approximately $39,234,000. Callan Family Office LLC acquired a new stake in shares of PDF Solutions during the 2nd quarter worth approximately $347,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of PDF Solutions during the 2nd quarter worth approximately $904,000. Institutional investors own 79.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. 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 price target for the company. Rosenblatt Securities reissued a "buy" rating and set a $63.00 price objective on shares of PDF Solutions in a research report on Friday, August 7th. Wells Fargo & Company began coverage on PDF Solutions in a research note on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 target price for the company. Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, DA Davidson set a $74.00 price target on PDF Solutions in a report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

PDF Solutions Price Performance

PDFS opened at $45.65 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 182.60 and a beta of 1.67. The firm's fifty day moving average price is $54.26 and its two-hundred day moving average price is $45.07. PDF Solutions, Inc. has a 1 year low of $18.93 and a 1 year high of $71.68.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $61.17 million. As a group, analysts anticipate that PDF Solutions, Inc. will post 0.77 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Shuo Zhang sold 1,501 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the transaction, the director directly 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.08% of the company's stock.

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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