PDF Solutions (NASDAQ:PDFS) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $44.38 and traded as high as $46.09. PDF Solutions shares last traded at $45.49, with a volume of 624,946 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PDFS shares. Needham & Company LLC began coverage on PDF Solutions in a report on Friday, September 25th. They set a “buy” rating and a $60.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and issued a $63.00 price target on shares of PDF Solutions in a research report on Friday, August 7th. Sanford C. Bernstein began coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price target for the company. Royal Bank Of Canada downgraded shares of PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Finally, DA Davidson dropped their price objective on shares of PDF Solutions from $74.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, PDF Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

PDF Solutions Price Performance

The stock has a market capitalization of $1.64 billion, a P/E ratio of 85.96 and a beta of 1.66. The business has a fifty day simple moving average of $46.15 and a 200 day simple moving average of $44.50. 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 (NASDAQ:PDFS) last posted its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. The company had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. On average, analysts expect that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.

Insider Transactions at PDF Solutions

In other PDF Solutions news, CTO Andrzej Strojwas sold 3,394 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $44.41, for a total value of $150,727.54. Following the completion of the sale, the chief technology officer directly owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Shuo Zhang sold 1,501 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On PDF Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of PDFS. Quantbot Technologies LP purchased a new position in PDF Solutions in the second quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in shares of PDF Solutions in the second quarter valued at approximately $44,000. Bell Investment Advisors Inc purchased a new stake in shares of PDF Solutions during the 2nd quarter valued at approximately $49,000. Sterling Capital Management LLC grew its stake in PDF Solutions by 993.1% in the 3rd quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company’s stock valued at $65,000 after buying an additional 1,152 shares in the last quarter. Finally, State of Wyoming bought a new stake in PDF Solutions during the 2nd quarter valued at $125,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc (NASDAQ: PDFS) provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company’s product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.