Pillsbury Lake Capital LLC Makes New Investment in PDF Solutions, Inc. $PDFS

Pillsbury Lake Capital LLC acquired a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 117,854 shares of the technology company’s stock, valued at approximately $8,342,885. PDF Solutions makes up approximately 0.0% of Pillsbury Lake Capital LLC’s investment portfolio, making the stock its 24th largest position. Pillsbury Lake Capital LLC owned about 0.30% of PDF Solutions as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of PDF Solutions in the second quarter worth $33,000. Hantz Financial Services Inc. grew its holdings in shares of 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 acquiring an additional 615 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of PDF Solutions during the 2nd quarter worth $44,000. State of Wyoming lifted its position in PDF Solutions by 4.5% during the second quarter. State of Wyoming now owns 15,447 shares of the technology company’s stock valued at $330,000 after buying an additional 668 shares during the period. Finally, Bell Investment Advisors Inc purchased a new position in PDF Solutions during the second quarter valued at $49,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction that occurred 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.08% of the company’s stock.

PDF Solutions Trading Down 2.4%

Shares of PDF Solutions stock traded down $1.12 during mid-day trading on Friday, hitting $45.03. 1,363,064 shares of the stock were exchanged, compared to its average volume of 560,826. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. PDF Solutions, Inc. has a twelve month low of $18.93 and a twelve month high of $71.68. The company has a 50-day simple moving average of $52.79 and a 200 day simple moving average of $45.54. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 180.12 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company 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%. Research analysts forecast that PDF Solutions, Inc. will post 0.77 EPS for the current year.

Analysts Set New Price Targets

PDFS has been the subject of several recent analyst reports. Sanford C. Bernstein started coverage on shares of PDF Solutions in a research report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price objective for the company. DA Davidson set a $74.00 target price on PDF Solutions in a research report on Monday, August 17th. 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. Wells Fargo & Company started coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Finally, Wall Street Zen lowered shares of PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.