PDF Solutions (NASDAQ:PDFS) Stock Price Down 8.5% – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price was down 8.5% on Thursday . The company traded as low as $60.84 and last traded at $61.2010. 238,572 shares changed hands during trading, a decline of 57% from the average session volume of 550,123 shares. The stock had previously closed at $66.88.

Analyst Upgrades and Downgrades

PDFS has been the topic of several research reports. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings raised PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Rosenblatt Securities restated a “buy” rating and issued a $52.00 target price on shares of PDF Solutions in a report on Tuesday, May 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PDF Solutions presently has a consensus rating of “Hold” and an average target price of $54.00.

PDF Solutions Stock Performance

The firm’s fifty day simple moving average is $53.80 and its 200 day simple moving average is $40.43. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 328.80 and a beta of 1.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 2.34.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $60.13 million for the quarter, compared to analyst estimates of $59.71 million. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. On average, sell-side analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current year.

Institutional Trading of PDF Solutions

Several large investors have recently added to or reduced their stakes in the company. Divisar Capital Management LLC grew its holdings in shares of PDF Solutions by 11.9% during the third quarter. Divisar Capital Management LLC now owns 684,082 shares of the technology company’s stock valued at $17,663,000 after buying an additional 72,695 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in PDF Solutions by 595.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock valued at $11,665,000 after buying an additional 386,788 shares during the period. Cannell Capital LLC acquired a new position in PDF Solutions during the third quarter valued at $8,709,000. FNY Investment Advisers LLC purchased a new stake in PDF Solutions in the 3rd quarter worth about $428,000. Finally, Legato Capital Management LLC boosted its position in PDF Solutions by 96.4% during the 4th quarter. Legato Capital Management LLC now owns 53,530 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 26,268 shares during the period. 79.51% of the stock is owned by institutional investors and hedge funds.

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.