19,604 Shares in PDF Solutions, Inc. $PDFS Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in PDF Solutions, Inc. (NASDAQ:PDFS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,604 shares of the technology company’s stock, valued at approximately $1,388,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of PDF Solutions by 171.9% during 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 period. Central Pacific Bank Trust Division lifted its stake in shares of PDF Solutions by 37.9% in the second quarter. Central Pacific Bank Trust Division now owns 12,671 shares of the technology company’s stock valued at $897,000 after purchasing an additional 3,483 shares during the period. Arete Wealth Advisors LLC acquired a new stake in shares of PDF Solutions in the first quarter valued at about $985,000. Bank of America Corp DE boosted its holdings in PDF Solutions by 7.4% during the first quarter. Bank of America Corp DE now owns 85,776 shares of the technology company’s stock worth $2,806,000 after buying an additional 5,903 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in PDF Solutions by 13.5% during the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after buying an additional 123,531 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Stock Performance

NASDAQ:PDFS opened at $50.90 on Monday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.03 billion, a P/E ratio of 203.60 and a beta of 1.67. The firm has a 50-day moving average price of $55.54 and a two-hundred day moving average price of $44.57. PDF Solutions, Inc. has a twelve month low of $18.56 and a twelve month high of $71.68.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The business had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. As a group, research analysts expect that PDF Solutions, Inc. will post 0.7 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 the firm’s stock in a transaction 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 completion of the transaction, the director owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PDFS. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 target price for the company. DA Davidson reissued a “buy” rating and set a $56.00 price target on shares of PDF Solutions in a research note on Monday, May 18th. Weiss Ratings restated a “sell (d+)” rating on shares of PDF Solutions in a report on Friday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $63.00 price objective on shares of PDF Solutions in a research note on Friday, August 7th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PDF Solutions has a consensus rating of “Hold” and a consensus price target of $58.50.

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.