PDF Solutions (NASDAQ:PDFS) Shares Gap Down – Here’s What Happened

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $51.57, but opened at $46.98. PDF Solutions shares last traded at $46.0360, with a volume of 1,777,497 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PDFS shares. DA Davidson boosted their price target on PDF Solutions from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Rosenblatt Securities lifted their price objective on PDF Solutions from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings raised PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating and one has issued 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 $50.00.

PDF Solutions Trading Down 11.6%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 2.34. The stock’s 50 day moving average is $38.51 and its 200-day moving average is $33.05. The company has a market capitalization of $1.82 billion, a P/E ratio of 252.33 and a beta of 1.70.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%.The firm had revenue of $60.13 million for the quarter, compared to the consensus estimate of $59.71 million. As a group, equities research analysts anticipate that PDF Solutions, Inc. will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDFS. UMB Bank n.a. boosted its holdings in shares of PDF Solutions by 138.9% during the 3rd quarter. UMB Bank n.a. now owns 951 shares of the technology company’s stock valued at $25,000 after buying an additional 553 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of PDF Solutions by 122.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock worth $32,000 after acquiring an additional 615 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of PDF Solutions by 257.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after acquiring an additional 2,442 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in PDF Solutions during the 4th quarter valued at about $82,000. Finally, Johnson Financial Group Inc. bought a new stake in PDF Solutions during the third quarter worth about $83,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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.