Pillsbury Lake Capital LLC Takes $8.34 Billion Position in PDF Solutions, Inc. $PDFS

Key Points

• Pillsbury Lake Capital initiated a position of 117,854 PDF Solutions shares, representing 0.30% of the company and 2.3% of the firm’s portfolio. The filing’s reported valuation of $8.34 billion appears inconsistent with the share count and stock price.
• Institutional investors and hedge funds collectively own 79.51% of PDF Solutions, while an insider recently sold 1,501 shares at an average price of $51.47.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and a $63 price target. PDF Solutions recently met earnings expectations at $0.27 per share and reported quarterly revenue of $61.53 million.

Pillsbury Lake Capital LLC bought 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 bought 117,854 shares of the technology company's stock, valued at approximately $8,342,885,000. PDF Solutions accounts for approximately 2.3% of Pillsbury Lake Capital LLC's holdings, making the stock its 24th biggest position. Pillsbury Lake Capital LLC owned 0.30% of PDF Solutions at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in PDF Solutions by 122.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company's stock valued at $32,000 after buying an additional 615 shares in the last quarter. Quantbot Technologies LP bought a new stake in PDF Solutions during the second quarter worth about $33,000. Meeder Asset Management Inc. acquired a new stake in shares of PDF Solutions during the second quarter worth approximately $44,000. Bell Investment Advisors Inc bought a new position in shares of PDF Solutions in the second quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of PDF Solutions by 257.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,442 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company's stock.

Insider Activity at PDF Solutions

In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the stock in a transaction 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 sale, the director owned 23,380 shares in the company, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.08% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PDFS shares. Rosenblatt Securities reiterated a "buy" rating and set a $63.00 price target on shares of PDF Solutions in a research report on Friday, August 7th. Wells Fargo & Company assumed 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 objective for the company. Weiss Ratings raised shares of PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Wall Street Zen lowered shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Sanford C. Bernstein began coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They set an "outperform" rating and a $65.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, PDF Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

PDF Solutions Price Performance

Shares of PDFS stock opened at $44.93 on Thursday. 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 12-month low of $18.93 and a 12-month high of $71.68. The firm has a fifty day moving average of $53.17 and a 200-day moving average of $45.42. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 179.72 and a beta of 1.67.

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

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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