PDF Solutions, Inc. $PDFS Shares Purchased by Penn Capital Management Company LLC

Key Points

• Penn Capital Management increased its PDF Solutions stake by 34.7% in the third quarter, adding 70,453 shares to hold 273,589 shares valued at about $14 million. Institutional investors own 79.51% of the company.
• PDF Solutions reported quarterly earnings of $0.40 per share, beating the $0.33 analyst consensus, and revenue of $68.33 million, also above expectations.
• Analysts give the stock a consensus “Moderate Buy” rating with a $58.17 average price target; six rate it Buy and three Hold.

Penn Capital Management Company LLC boosted its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,589 shares of the technology company's stock after acquiring an additional 70,453 shares during the quarter. Penn Capital Management Company LLC owned about 0.69% of PDF Solutions worth $13,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in PDF Solutions in the 2nd quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in shares of PDF Solutions in the 2nd quarter worth approximately $44,000. Bell Investment Advisors Inc acquired a new position in shares of PDF Solutions in the 2nd quarter worth approximately $49,000. Sterling Capital Management LLC grew its stake in shares of PDF Solutions by 993.1% in the 3rd quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company's stock worth $65,000 after purchasing an additional 1,152 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of PDF Solutions in the 2nd quarter worth approximately $125,000. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Trading Up 8.0%

NASDAQ:PDFS opened at $40.63 on Tuesday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. PDF Solutions, Inc. has a 1-year low of $23.55 and a 1-year high of $71.68. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 75.07 and a beta of 1.75. The stock has a fifty day simple moving average of $45.43 and a 200 day simple moving average of $44.63.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.07. The firm had revenue of $68.33 million for the quarter, compared to analysts' expectations of $67.48 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Sell-side analysts forecast that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.

Insider Activity

In other news, Director Shuo Zhang sold 1,501 shares of the business'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 sale, the director owned 23,380 shares in the company, valued at $1,203,368.60. The trade was 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. Also, CTO Andrzej Strojwas sold 3,394 shares of the business's stock in a transaction that occurred 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 sale, the chief technology officer owned 90,965 shares in the company, valued at $4,039,755.65. This represents a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 11.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a report on Tuesday, August 11th. They issued an "outperform" rating and a $65.00 target price on the stock. Morgan Stanley started coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They set an "overweight" rating and a $62.00 target price for the company. Royal Bank Of Canada lowered shares of PDF Solutions to an "outperform" rating in a research report on Tuesday, September 8th. UBS Group reaffirmed a "neutral" rating on shares of PDF Solutions in a report on Monday, September 21st. Finally, Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.17.

PDF Solutions Company Profile

PDF Solutions provides software, connectivity products and services for the semiconductor and electronics industries. Its offerings help manufacturers collect and analyze production data, monitor processes and identify opportunities to improve yield, quality and operational efficiency.

The company's Exensio platform supports analytics across semiconductor design and manufacturing, while its Cimetrix products provide software for connecting and controlling manufacturing equipment. PDF Solutions also offers engineering and consulting services to help customers implement its technologies and address manufacturing challenges.

Founded in 1991, PDF Solutions serves customers around the world, including in major semiconductor manufacturing regions in North America, Asia and Europe.

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