Deutsche Bank AG Takes $9.38 Million Position in PDF Solutions, Inc. $PDFS

Key Points

• Deutsche Bank acquired a new 132,536-share position in PDF Solutions during the second quarter, valued at approximately $9.38 million and representing about 0.33% of the company.
• Institutional ownership remains high at 79.51%, with Wasatch Advisors increasing its stake by 171.9% and several other investment firms initiating or expanding positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $63, versus the stock’s reported price of $45.65. PDF Solutions recently met quarterly EPS expectations and slightly exceeded revenue estimates.

Deutsche Bank AG purchased a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 132,536 shares of the technology company's stock, valued at approximately $9,382,000. Deutsche Bank AG owned about 0.33% of PDF Solutions as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PDFS. Wasatch Advisors LP increased its position in PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company's stock worth $97,743,000 after buying an additional 873,002 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new stake in shares of PDF Solutions in the fourth quarter valued at $20,631,000. Pillsbury Lake Capital LLC purchased a new position in shares of PDF Solutions during the 4th quarter valued at $10,729,000. Bank of New York Mellon Corp purchased a new position in shares of PDF Solutions during the 2nd quarter valued at $14,747,000. Finally, Squarepoint Ops LLC grew its stake in shares of PDF Solutions by 378.6% during the 3rd quarter. Squarepoint Ops LLC now owns 254,511 shares of the technology company's stock worth $6,571,000 after acquiring an additional 201,337 shares during the period. Institutional investors own 79.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings raised PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday. Rosenblatt Securities reaffirmed a "buy" rating and set a $63.00 price objective on shares of PDF Solutions in a report on Friday, August 7th. Wall Street Zen lowered shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. DA Davidson set a $74.00 target price on shares of PDF Solutions in a research note on Monday, August 17th. Finally, Wells Fargo & Company initiated coverage on shares of PDF Solutions in a research report on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, PDF Solutions has a consensus rating of "Moderate Buy" and an average target price of $63.00.

PDF Solutions Stock Performance

NASDAQ PDFS opened at $45.65 on Monday. PDF Solutions, Inc. has a 1 year low of $18.93 and a 1 year high of $71.68. 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 stock has a market capitalization of $1.82 billion, a PE ratio of 182.60 and a beta of 1.67. The company's 50 day simple moving average is $54.26 and its two-hundred day simple moving average is $45.07.

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

Insider Activity

In related news, Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction on Wednesday, August 12th. The stock was 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 trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.08% of the company's stock.

PDF Solutions Company 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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