Jupiter Topco LLC Invests $65.68 Million in PDF Solutions, Inc. $PDFS

Key Points

• Jupiter Topco LLC acquired 927,781 shares of PDF Solutions in the second quarter, valued at approximately $65.7 million and representing about 2.32% of the company. Institutional investors collectively own 79.51% of PDFS.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $63.00. Recent targets range from $63 to $74, although some firms maintain Hold ratings.
• PDF Solutions reported quarterly earnings of $0.27 per share, matching estimates, while revenue of $61.53 million slightly exceeded expectations. The stock opened at $46.15, compared with a 52-week range of $18.93 to $71.68.

Jupiter Topco LLC acquired a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 927,781 shares of the technology company's stock, valued at approximately $65,677,000. Jupiter Topco LLC owned approximately 2.32% of PDF Solutions as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in PDF Solutions during the second quarter worth $392,908,000. Wasatch Advisors LP increased its stake in 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 during the last quarter. William Blair Investment Management LLC lifted its position 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 buying an additional 9,040 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of PDF Solutions during the 2nd quarter worth about $93,416,000. Finally, Ranger Investment Management L.P. boosted its stake in shares of PDF Solutions by 9.4% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 79.51% of the company's stock.

Analysts Set New Price Targets

PDFS has been the topic of a number of recent research reports. DA Davidson set a $74.00 target price on PDF Solutions in a research report on Monday, August 17th. Rosenblatt Securities reissued a "buy" rating and set a $63.00 price target on shares of PDF Solutions in a research report on Friday, August 7th. Sanford C. Bernstein assumed coverage on PDF Solutions in a research report on Tuesday, August 11th. They set an "outperform" rating and a $65.00 price target 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, Weiss Ratings raised PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

PDF Solutions Stock Up 2.7%

PDFS opened at $46.15 on Friday. The stock has a fifty day moving average of $52.79 and a 200-day moving average of $45.54. The company has a market capitalization of $1.84 billion, a P/E ratio of 184.60 and a beta of 1.67. PDF Solutions, Inc. has a fifty-two week low of $18.93 and a fifty-two week high of $71.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45.

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, meeting the consensus estimate of $0.27. The business had revenue of $61.53 million for 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%. On average, equities analysts expect that PDF Solutions, Inc. will post 0.77 EPS for the current year.

Insider Activity at PDF Solutions

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 transaction of $77,256.47. Following the transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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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