PDF Solutions (NASDAQ:PDFS) Shares Up 9.9% – Time to Buy?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price was up 9.9% during trading on Tuesday. The company traded as high as $42.92 and last traded at $42.8210. 144,681 shares changed hands during trading, a decline of 75% from the average daily volume of 570,186 shares. The stock had previously closed at $38.97.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson reduced their target price on PDF Solutions from $74.00 to $68.00 and set a “buy” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada cut PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Wall Street Zen downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, UBS Group restated a “neutral” rating on shares of PDF Solutions in a report on Monday, September 21st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

PDF Solutions Stock Down 13.2%

The stock has a fifty day moving average price of $45.68 and a 200-day moving average price of $44.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45. The firm has a market cap of $1.38 billion, a PE ratio of 75.07 and a beta of 1.75.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, November 5th. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.07. The company had revenue of $68.33 million during the quarter, compared to the consensus estimate of $67.48 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Research analysts expect that PDF Solutions, Inc. will post 0.78 EPS for the current year.

Insider Activity at PDF Solutions

In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the 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 transaction, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrzej Strojwas sold 3,394 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $44.41, for a total transaction of $150,727.54. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. ZWJ Investment Counsel Inc. lifted its holdings in shares of PDF Solutions by 4.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 6,095 shares of the technology company’s stock worth $311,000 after purchasing an additional 282 shares during the last quarter. GAMMA Investing LLC increased its stake in PDF Solutions by 18.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,711 shares of the technology company’s stock valued at $138,000 after buying an additional 430 shares during the period. Quantbot Technologies LP bought a new stake in PDF Solutions during the second quarter worth approximately $33,000. ProShare Advisors LLC raised its stake in shares of PDF Solutions by 10.3% in the 3rd quarter. ProShare Advisors LLC now owns 5,259 shares of the technology company’s stock worth $268,000 after buying an additional 489 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in PDF Solutions in the second quarter worth about $44,000. Institutional investors and hedge funds 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.