William Blair Investment Management LLC Invests $39.23 Million in PDF Solutions, Inc. $PDFS

Key Points

• William Blair Investment Management acquired 554,226 shares of PDF Solutions valued at approximately $39.23 million, giving it a 1.39% stake. Institutional investors collectively own 79.51% of the company.
• PDF Solutions met quarterly earnings expectations with EPS of $0.27 and reported revenue of $61.53 million, slightly above analysts’ forecasts. Analysts’ consensus rating is “Hold,” with an average price target of $63.
• Director Shuo Zhang sold 1,501 shares for approximately $77,256, reducing his ownership by 6.03%; company insiders retain an 11.08% stake.

William Blair Investment Management LLC bought a new stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 554,226 shares of the technology company's stock, valued at approximately $39,234,000. William Blair Investment Management LLC owned approximately 1.39% of PDF Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in shares of PDF Solutions by 122.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company's stock worth $32,000 after buying an additional 615 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in PDF Solutions during the second quarter valued at approximately $44,000. Bell Investment Advisors Inc acquired a new stake in PDF Solutions in the second quarter valued at approximately $49,000. Tower Research Capital LLC TRC boosted its stake in 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 in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in PDF Solutions in the fourth quarter worth $82,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the sale, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.08% of the company's stock.

PDF Solutions Stock Up 1.9%

PDFS stock opened at $45.65 on Friday. PDF Solutions, Inc. has a one year low of $18.93 and a one year 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. The firm's fifty day moving average is $54.26 and its 200 day moving average is $44.98. The firm has a market cap of $1.82 billion, a PE ratio of 182.60 and a beta of 1.67.

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 return on equity of 7.21% and a net margin of 4.27%.The business had revenue of $61.53 million during the quarter, compared to analysts' expectations of $61.17 million. On average, research analysts forecast that PDF Solutions, Inc. will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PDFS shares. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research report on Tuesday, August 11th. They issued an "outperform" rating and a $65.00 price objective for the company. Weiss Ratings reissued a "sell (d+)" rating on shares of PDF Solutions in a research report on Friday, August 7th. DA Davidson set a $74.00 price target on shares of PDF Solutions in a research note on Monday, August 17th. Wells Fargo & Company started coverage on shares of PDF Solutions in a report on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 price target for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $63.00 price objective on shares of PDF Solutions in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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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