Crown Advisors Management Inc. Invests $2.83 Million in PDF Solutions, Inc. $PDFS

Crown Advisors Management Inc. purchased a new stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 40,000 shares of the technology company’s stock, valued at approximately $2,832,000. PDF Solutions accounts for about 1.6% of Crown Advisors Management Inc.’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP raised its position in PDF Solutions by 171.9% in the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock worth $97,743,000 after purchasing an additional 873,002 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new position in PDF Solutions in the 4th quarter valued at $20,631,000. Pillsbury Lake Capital LLC bought a new position in PDF Solutions in the 4th quarter valued at $10,729,000. Bank of New York Mellon Corp acquired a new stake in shares of PDF Solutions in the 2nd quarter valued at $14,747,000. Finally, Squarepoint Ops LLC increased its stake in shares of PDF Solutions by 378.6% in the 3rd quarter. Squarepoint Ops LLC now owns 254,511 shares of the technology company’s stock valued at $6,571,000 after buying an additional 201,337 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PDFS. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Sanford C. Bernstein started coverage on PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 price objective on shares of PDF Solutions in a research report on Friday, August 7th. Wells Fargo & Company began coverage on PDF Solutions in a report on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of PDF Solutions in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PDF Solutions currently has an average rating of “Hold” and a consensus price target of $58.50.

PDF Solutions Price Performance

Shares of PDF Solutions stock opened at $50.90 on Monday. The business has a fifty day simple moving average of $55.54 and a 200 day simple moving average of $44.57. The stock has a market cap of $2.03 billion, a PE ratio of 203.60 and a beta of 1.67. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. PDF Solutions, Inc. has a 12 month low of $18.56 and a 12 month high of $71.68.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The firm had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. Research analysts predict that PDF Solutions, Inc. will post 0.7 EPS for the current year.

Insider Activity at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the company’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 completion of the sale, the director directly owned 23,380 shares of the company’s stock, valued at $1,203,368.60. This represents a 6.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.08% of the stock is currently owned by company insiders.

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.