PDF Solutions (NASDAQ:PDFS) Shares Gap Down – Time to Sell?

PDF Solutions, Inc. (NASDAQ:PDFS) shares gapped down prior to trading on Monday . The stock had previously closed at $47.77, but opened at $43.94. PDF Solutions shares last traded at $45.3660, with a volume of 57,714 shares changing hands.

Wall Street Analyst Weigh In

PDFS has been the subject of several recent analyst reports. Morgan Stanley assumed coverage on PDF Solutions in a research note on Tuesday, September 8th. They set an “overweight” rating and a $62.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 price target on shares of PDF Solutions in a research note on Friday, August 7th. Wells Fargo & Company started coverage on shares of PDF Solutions in a report on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. DA Davidson set a $74.00 target price on shares of PDF Solutions in a report on Monday, August 17th. Finally, Wall Street Zen downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.80.

PDF Solutions Trading Down 6.2%

The company has a 50 day simple moving average of $48.58 and a 200 day simple moving average of $46.54. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.79 billion, a PE ratio of 179.38 and a beta of 1.64.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $61.17 million. Analysts predict that PDF Solutions, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the business’s 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 transaction, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. The trade was a 6.03% decrease in their ownership of the stock. The sale 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 stock in a transaction dated 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 $4,039,755.65. This represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PDF Solutions

A number of large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new stake in shares of PDF Solutions in the second quarter valued at approximately $254,000. Tidal Investments LLC acquired a new stake in PDF Solutions in the second quarter valued at $1,179,000. Amundi boosted its position in shares of PDF Solutions by 27.4% during the 2nd quarter. Amundi now owns 14,861 shares of the technology company’s stock worth $1,052,000 after purchasing an additional 3,200 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of PDF Solutions by 8,228.3% during the 2nd quarter. California State Teachers Retirement System now owns 2,557,360 shares of the technology company’s stock worth $181,036,000 after purchasing an additional 2,526,653 shares during the period. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of PDF Solutions in the 2nd quarter valued at about $421,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc provides software, hardware and services that help semiconductor and electronics manufacturers improve product quality, manufacturing efficiency and yields. Its solutions collect and analyze data across the semiconductor production process, enabling customers to identify defects, monitor process performance and make data-driven decisions from design through manufacturing and test.

The company’s offerings include the Exensio platform, a suite of manufacturing analytics and data-management applications.