PDF Solutions, Inc. $PDFS Stock: Penn Capital Management Company LLC Raises Position

Penn Capital Management Company LLC boosted its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 34.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 273,589 shares of the technology company’s stock after buying an additional 70,453 shares during the period. Penn Capital Management Company LLC’s holdings in PDF Solutions were worth $13,981,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PDFS. BlackRock Inc. acquired a new stake in PDF Solutions during the 2nd quarter worth about $392,908,000. Wasatch Advisors LP increased its holdings in shares of PDF Solutions by 171.9% in the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after purchasing an additional 873,002 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of PDF Solutions in the 2nd quarter valued at about $93,416,000. Ranger Investment Management L.P. increased its holdings in shares of PDF Solutions by 9.4% in the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock valued at $41,857,000 after purchasing an additional 109,616 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of PDF Solutions by 13.5% in the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after purchasing an additional 123,531 shares in the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PDFS shares. Wall Street Zen cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group reiterated a “neutral” rating on shares of PDF Solutions in a research note on Monday, September 21st. Morgan Stanley started coverage on shares of PDF Solutions in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 target price for the company. 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. Finally, DA Davidson lowered their price target on shares of PDF Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.17.

PDF Solutions Stock Performance

Shares of PDFS stock opened at $40.63 on Tuesday. PDF Solutions, Inc. has a fifty-two week low of $23.55 and a fifty-two week high of $71.68. The stock’s 50-day moving average is $45.43 and its two-hundred day moving average is $44.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45. The firm has a market cap of $1.62 billion, a P/E ratio of 75.07 and a beta of 1.75.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. The business had revenue of $68.33 million during the quarter, compared to analyst estimates of $67.48 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Analysts predict that PDF Solutions, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PDF Solutions 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the sale, the chief technology officer owned 90,965 shares of the company’s stock, valued at $4,039,755.65. This trade represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 11.08% of the company’s stock.

About PDF Solutions

PDF Solutions provides software, connectivity products and services for the semiconductor and electronics industries. Its offerings help manufacturers collect and analyze production data, monitor processes and identify opportunities to improve yield, quality and operational efficiency.

The company’s Exensio platform supports analytics across semiconductor design and manufacturing, while its Cimetrix products provide software for connecting and controlling manufacturing equipment. PDF Solutions also offers engineering and consulting services to help customers implement its technologies and address manufacturing challenges.

Founded in 1991, PDF Solutions serves customers around the world, including in major semiconductor manufacturing regions in North America, Asia and Europe.