PDF Solutions (NASDAQ:PDFS) Stock Price Up 6.8% – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS) rose 6.8% on Monday. The stock traded as high as $41.82 and last traded at $41.90. 113,429 shares were traded during trading, a decline of 80% from the average daily volume of 566,475 shares. The stock had previously closed at $39.22.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Sanford C. Bernstein assumed coverage on PDF Solutions in a research report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 target price on the stock. Needham & Company LLC assumed coverage on PDF Solutions in a research report on Friday, September 25th. They set a “buy” rating and a $60.00 target price on the stock. Royal Bank Of Canada lowered PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $63.00 price target on shares of PDF Solutions in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, PDF Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.

PDF Solutions Stock Performance

The stock has a market capitalization of $1.67 billion, a PE ratio of 167.62 and a beta of 1.66. The business’s 50 day moving average is $47.43 and its 200 day moving average is $49.20. 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 quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. On average, equities research analysts predict that PDF Solutions, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Andrzej Strojwas sold 3,394 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $44.41, for a total value of $150,727.54. Following the transaction, the chief technology officer owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. The trade was a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 11.08% of the company’s stock.

Institutional Trading of PDF Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of PDF Solutions during the second quarter valued at $33,000. Meeder Asset Management Inc. bought a new position in shares of PDF Solutions in the second quarter worth about $44,000. Bell Investment Advisors Inc purchased a new position in PDF Solutions in the 2nd quarter worth about $49,000. State of Wyoming purchased a new position in PDF Solutions in the 2nd quarter worth about $125,000. Finally, GAMMA Investing LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc provides software, services and engineering solutions that help semiconductor manufacturers improve production processes, product quality and manufacturing yields. Its offerings are designed to collect, integrate and analyze data from semiconductor design, fabrication, assembly and testing operations.

The company’s Exensio platform supports applications such as yield management, manufacturing intelligence, fault detection and classification, process control, test-data analysis and supply-chain visibility.