PDF Solutions (NASDAQ:PDFS) Stock Falls 7.3% – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price fell 7.3% on Tuesday. The stock traded as low as $49.61 and last traded at $48.8570. 88,888 shares changed hands during trading, a decline of 84% from the average daily volume of 561,516 shares. The stock had previously closed at $52.69.

Analyst Ratings Changes

A number of research firms have recently commented on PDFS. Needham & Company LLC assumed coverage on shares of PDF Solutions in a research note on Friday, September 25th. They set a “buy” rating and a $60.00 price objective for the company. Morgan Stanley started coverage on shares of PDF Solutions in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 price objective for the company. Weiss Ratings raised shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. DA Davidson set a $24.00 price target on PDF Solutions in a report on Monday, September 21st. Finally, Royal Bank Of Canada lowered PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.00.

PDF Solutions Trading Down 9.9%

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 business’s 50 day moving average price is $47.94 and its 200-day moving average price is $48.94. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 190.02 and a beta of 1.66.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. The firm had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. On average, research analysts forecast that PDF Solutions, Inc. will post 0.78 EPS for the current year.

Insider Buying and Selling at PDF Solutions

In other news, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the sale, the chief technology officer owned 90,965 shares in the company, valued at $4,039,755.65. The trade was a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shuo Zhang sold 1,501 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 23,380 shares in the company, valued at $1,203,368.60. This represents a 6.03% 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

Several institutional investors and hedge funds have recently modified their holdings of PDFS. BlackRock Inc. bought a new stake in shares of PDF Solutions during the 2nd quarter worth about $392,908,000. Wasatch Advisors LP grew its holdings in PDF Solutions by 171.9% in the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after buying an additional 873,002 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of PDF Solutions during the second quarter worth $93,416,000. Ranger Investment Management L.P. grew its stake in shares of PDF Solutions by 9.4% in the first quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock valued at $41,857,000 after acquiring an additional 109,616 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in PDF Solutions by 13.5% during the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after acquiring an additional 123,531 shares during the period. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.