Ranger Investment Management L.P. Invests $81.38 Million in PDF Solutions, Inc. $PDFS

Key Points

• Ranger Investment Management acquired 1.15 million PDF Solutions shares worth approximately $81.4 million, giving it a 2.88% stake and making PDFS its second-largest portfolio holding. Institutional investors collectively own 79.51% of the company.
• PDF Solutions reported quarterly revenue of $61.53 million and EPS of $0.27, both slightly meeting or exceeding analyst expectations. Analysts project $0.77 in full-year EPS.
• Analyst sentiment is moderately bullish, with three Buy and two Hold ratings and an average price target of $63, compared with the stock’s reported opening price of $45.65.

Ranger Investment Management L.P. acquired a new position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,149,647 shares of the technology company's stock, valued at approximately $81,384,000. PDF Solutions accounts for approximately 5.1% of Ranger Investment Management L.P.'s portfolio, making the stock its 2nd largest holding. Ranger Investment Management L.P. owned approximately 2.88% of PDF Solutions at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in PDF Solutions by 122.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company's stock valued at $32,000 after purchasing an additional 615 shares during the period. Quantbot Technologies LP acquired a new stake in shares of PDF Solutions in the second quarter valued at approximately $33,000. Meeder Asset Management Inc. acquired a new stake in shares of PDF Solutions in the second quarter valued at approximately $44,000. Bell Investment Advisors Inc bought a new stake in shares of PDF Solutions during the second quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company's stock valued at $73,000 after buying an additional 2,442 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

Insider Transactions at PDF Solutions

In other 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.08% of the company's stock.

PDF Solutions Stock Performance

Shares of NASDAQ:PDFS opened at $45.65 on Monday. The company has a 50 day moving average of $54.26 and a 200-day moving average of $45.07. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.82 billion, a P/E ratio of 182.60 and a beta of 1.67. PDF Solutions, Inc. has a twelve month low of $18.93 and a twelve month high of $71.68.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting analysts' consensus estimates of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The business had revenue of $61.53 million for the quarter, compared to analyst estimates 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.

Analyst Ratings Changes

PDFS has been the subject of a number of recent analyst reports. Weiss Ratings raised PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday. Sanford C. Bernstein initiated coverage on PDF Solutions in a research note on Tuesday, August 11th. They set an "outperform" rating and a $65.00 target price on the stock. Wells Fargo & Company assumed coverage on PDF Solutions in a research report on Tuesday, August 4th. They set an "equal weight" rating and a $50.00 price target for the company. DA Davidson set a $74.00 price target on PDF Solutions in a research note on Monday, August 17th. Finally, Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, PDF Solutions currently has an average rating of "Moderate Buy" and an average target price of $63.00.

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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