PDF Solutions (NASDAQ:PDFS) Issues Quarterly Earnings Results, Meets Estimates

PDF Solutions (NASDAQ:PDFS) announced its quarterly earnings results on Thursday. The technology company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25, FiscalAI reports. The company had revenue of $57.12 million during the quarter, compared to the consensus estimate of $56.69 million. PDF Solutions had a net margin of 0.44% and a return on equity of 4.22%.

PDF Solutions Trading Down 3.8%

Shares of NASDAQ:PDFS traded down $1.04 during midday trading on Friday, reaching $26.45. The company’s stock had a trading volume of 555,540 shares, compared to its average volume of 262,035. PDF Solutions has a fifty-two week low of $15.91 and a fifty-two week high of $33.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. The firm has a 50 day moving average price of $24.93 and a two-hundred day moving average price of $22.06. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 1,323.16 and a beta of 1.57.

Hedge Funds Weigh In On PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of PDF Solutions by 40.9% during the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock worth $365,000 after buying an additional 5,540 shares during the period. Amundi increased its stake in PDF Solutions by 117,205.9% in the first quarter. Amundi now owns 19,942 shares of the technology company’s stock valued at $381,000 after purchasing an additional 19,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $353,000 after purchasing an additional 753 shares during the period. Jane Street Group LLC boosted its position in shares of PDF Solutions by 113.6% during the 1st quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 32,383 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of PDF Solutions during the 1st quarter worth about $105,000. 79.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PDFS. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Rosenblatt Securities upped their price objective on PDF Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. DA Davidson upgraded shares of PDF Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PDF Solutions in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, PDF Solutions presently has a consensus rating of “Buy” and a consensus price target of $34.00.

PDF Solutions Company Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.