Ranger Investment Management L.P. Buys New Shares in PDF Solutions, Inc. $PDFS

Ranger Investment Management L.P. bought a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) in the second quarter, Holdings Channel reports. The fund bought 1,149,647 shares of the technology company’s stock, valued at approximately $81,384,000. PDF Solutions makes up approximately 5.1% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 2nd biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in shares of PDF Solutions by 114.2% in the 1st quarter. Sei Investments Co. now owns 90,393 shares of the technology company’s stock worth $2,957,000 after acquiring an additional 48,184 shares during the last quarter. Janus Henderson Group PLC lifted its holdings 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 purchasing an additional 123,531 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of PDF Solutions during the first quarter valued at $985,000. Crown Advisors Management Inc. purchased a new stake in shares of PDF Solutions during the second quarter valued at $2,832,000. Finally, Lazard Asset Management LLC acquired a new position in shares of PDF Solutions in the 1st quarter valued at $1,189,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Analysts Set New Price Targets

PDFS has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on PDF Solutions in a research note on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Sanford C. Bernstein started coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price objective for the company. Wall Street Zen cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. DA Davidson set a $74.00 target price on shares of PDF Solutions in a report on Monday, August 17th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, PDF Solutions currently has an average rating of “Moderate Buy” and an average target price of $63.00.

PDF Solutions Price Performance

Shares of NASDAQ:PDFS opened at $45.65 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. PDF Solutions, Inc. has a 1 year low of $18.93 and a 1 year high of $71.68. The business has a fifty day simple moving average of $54.26 and a 200 day simple moving average of $45.07. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 182.60 and a beta of 1.67.

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

Insiders Place Their Bets

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. 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.