Oppenheimer Asset Management Inc. Buys New Position in PDF Solutions, Inc. $PDFS

Oppenheimer Asset Management Inc. bought a new stake in PDF Solutions, Inc. (NASDAQ:PDFS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,604 shares of the technology company’s stock, valued at approximately $1,388,000.

Several other hedge funds also recently modified their holdings of PDFS. Wasatch Advisors LP grew its holdings in shares of PDF Solutions by 171.9% during the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock worth $97,743,000 after buying an additional 873,002 shares in the last quarter. Central Pacific Bank Trust Division raised its position 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 buying an additional 3,483 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of PDF Solutions in the first quarter valued at approximately $985,000. Bank of America Corp DE lifted its stake in shares of 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 valued at $2,806,000 after buying an additional 5,903 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of 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 valued at $33,877,000 after buying an additional 123,531 shares during the period. 79.51% of the stock is owned by institutional investors and hedge funds.

PDF Solutions Price Performance

PDFS opened at $50.90 on Monday. The company’s 50 day simple moving average is $55.54 and its 200 day simple moving average is $44.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45. PDF Solutions, Inc. has a 1 year low of $18.56 and a 1 year high of $71.68. The stock has a market capitalization of $2.03 billion, a PE ratio of 203.60 and a beta of 1.67.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The firm had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. As a group, sell-side analysts expect that PDF Solutions, Inc. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

PDFS has been the topic of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of PDF Solutions in a report on Friday, August 7th. 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. Sanford C. Bernstein assumed coverage on PDF Solutions in a report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on PDF Solutions in a research report on Tuesday, August 4th. They issued 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.50.

Insider Buying and Selling at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total transaction 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. The trade was a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.