Wasatch Advisors Reports 6.3% Passive Stake In PDF Solutions, 2.65 Million Shares
A Schedule 13G lists 2,646,572 shares, with sole voting power over 1,852,275 of them and none shared.
Wasatch Advisors LP reports that it beneficially owns 6.3% of PDF Solutions' common stock, or 2,646,572 shares, according to a Schedule 13G, a passive ownership disclosure, filed Friday. The filing gives September 30 as the date of the event that triggered it.
What the Schedule 13G says
Wasatch holds sole voting power over 1,852,275 of the shares and shared voting power over none, the filing says. It holds sole power to dispose of all 2,646,572.
The filer is Wasatch Advisors LP, a Delaware entity based at 505 Wakara Way in Salt Lake City, and it is classified as an investment adviser. The issuer is PDF Solutions, listed at 2858 De La Cruz Blvd. in Santa Clara, California.
Wasatch certifies that the shares were acquired and are held in the ordinary course of business. It also certifies they were not acquired and are not held to change or influence control of the company.
What it changes for holders
The 13G form is the short-form filing for holders that say they have no aim of influencing control. That puts Wasatch's 6.3% in the passive category rather than that of an activist.
PDF Solutions shares closed at $54.40 on Friday, up 4.25%, for a market cap of $2.2 billion (market data). In Friday after-hours trading they were at $54.35, an early and indicative reading.
A Simply Wall St commentary on Yahoo Finance said the shares were up about 84% year to date. It also said the company reported 19% year-over-year revenue growth in the second quarter and reaffirmed a full-year outlook of 20% revenue growth.
The filing puts the holding at 2,646,572 shares, 1,852,275 of them with sole voting power.
