PDF Solutions (NASDAQ:PDFS) Sets New 1-Year High – Time to Buy?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $69.05 and last traded at $69.19, with a volume of 51419 shares. The stock had previously closed at $65.92.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings raised PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities restated a “buy” rating and set a $52.00 target price on shares of PDF Solutions in a research note on Tuesday, May 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $56.00 price target on shares of PDF Solutions in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $54.00.

PDF Solutions Stock Up 6.2%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $2.79 billion, a PE ratio of 388.88 and a beta of 1.71. The company has a fifty day simple moving average of $52.18 and a two-hundred day simple moving average of $39.57.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $60.13 million during the quarter, compared to the consensus estimate of $59.71 million. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. Analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its stake in shares of PDF Solutions by 122.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after buying an additional 615 shares during the period. State of Wyoming raised its stake in shares of PDF Solutions by 4.5% in the second quarter. State of Wyoming now owns 15,447 shares of the technology company’s stock valued at $330,000 after purchasing an additional 668 shares in the last quarter. LPL Financial LLC lifted its position in PDF Solutions by 7.6% in the fourth quarter. LPL Financial LLC now owns 10,399 shares of the technology company’s stock worth $297,000 after purchasing an additional 734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PDF Solutions by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after buying an additional 753 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in PDF Solutions by 12.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,096 shares of the technology company’s stock valued at $202,000 after buying an additional 764 shares during the period. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

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.