Pillsbury Lake Capital LLC Purchases New Stake in PDF Solutions, Inc. $PDFS

Pillsbury Lake Capital LLC acquired a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 117,854 shares of the technology company’s stock, valued at approximately $8,342,885,000. PDF Solutions accounts for 2.3% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 24th biggest holding.

Other large investors have also made changes to their positions in the company. Atreides Management LP acquired a new stake in shares of PDF Solutions in the 2nd quarter valued at approximately $46,618,000. Bank of America Corp DE bought a new stake in shares of PDF Solutions in the second quarter worth $6,733,000. Freestone Grove Partners LP bought a new stake in shares of PDF Solutions in the 2nd quarter valued at about $496,000. Odyssean LLC acquired a new stake in PDF Solutions during the 2nd quarter valued at approximately $2,108,000. Finally, Man Group plc acquired a new stake in shares of PDF Solutions during the second quarter worth $515,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Stock Performance

Shares of PDFS opened at $44.93 on Thursday. 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 stock has a 50 day moving average price of $53.17 and a two-hundred day moving average price of $45.42. The firm has a market capitalization of $1.79 billion, a P/E ratio of 179.72 and a beta of 1.67. PDF Solutions, Inc. has a 52 week low of $18.93 and a 52 week high of $71.68.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PDFS. Weiss Ratings raised PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. DA Davidson set a $74.00 target price on PDF Solutions in a research note on Monday, August 17th. Sanford C. Bernstein began coverage on PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $63.00 price target on shares of PDF Solutions in a research note on Friday, August 7th. Finally, Wells Fargo & Company initiated coverage on PDF Solutions in a report on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Insiders Place Their Bets

In related news, Director Shuo Zhang sold 1,501 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the sale, the director directly owned 23,380 shares in the company, valued at approximately $1,203,368.60. The trade was a 6.03% decrease in their position. The sale 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.

PDF Solutions 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.