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

Penn Capital Management Company LLC raised its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 916.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,136 shares of the technology company’s stock after acquiring an additional 183,160 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.51% of PDF Solutions worth $14,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PDFS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of PDF Solutions by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,049 shares of the technology company’s stock worth $4,605,000 after purchasing an additional 5,210 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in PDF Solutions in the second quarter valued at $209,000. Punch & Associates Investment Management Inc. acquired a new position in PDF Solutions in the second quarter valued at $366,000. Pillsbury Lake Capital LLC purchased a new position in PDF Solutions during the second quarter worth about $8,342,885. Finally, Atreides Management LP purchased a new position in PDF Solutions during the second quarter worth about $46,618,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

PDF Solutions Stock Performance

Shares of PDF Solutions stock opened at $44.81 on Friday. 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, Inc. has a 1 year low of $18.93 and a 1 year high of $71.68. The firm’s 50-day simple moving average is $52.37 and its 200-day simple moving average is $45.54. The firm has a market cap of $1.79 billion, a PE ratio of 179.24 and a beta of 1.67.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Equities analysts forecast that PDF Solutions, Inc. will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling at PDF Solutions

In related 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 transaction of $77,256.47. Following the sale, the director directly owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.08% of the company’s stock.

Wall Street Analyst Weigh In

PDFS has been the subject of a number of research reports. Wells Fargo & Company initiated 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 objective on PDF Solutions in a report on Monday, August 17th. Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.00.

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.