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

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) reached a new 52-week high on Tuesday . The stock traded as high as $60.42 and last traded at $60.2680, with a volume of 96786 shares trading hands. The stock had previously closed at $56.30.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PDFS shares. DA Davidson reiterated a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a research note on Monday, May 18th. Wall Street Zen upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Rosenblatt Securities restated a “buy” rating and issued a $52.00 price target on shares of PDF Solutions in a report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $54.00.

PDF Solutions Stock Down 1.9%

The firm has a market capitalization of $2.30 billion, a P/E ratio of 320.02 and a beta of 1.71. 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 business’s fifty day moving average price is $45.19 and its two-hundred day moving average price is $36.27.

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

Institutional Investors Weigh In On PDF Solutions

A number of large investors have recently modified their holdings of the business. Arete Wealth Advisors LLC purchased a new stake in shares of PDF Solutions during the first quarter worth about $985,000. Bank of America Corp DE grew its stake in shares of PDF Solutions by 7.4% during the first quarter. Bank of America Corp DE now owns 85,776 shares of the technology company’s stock worth $2,806,000 after acquiring an additional 5,903 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of 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 last quarter. Ranger Investment Management L.P. grew its stake in shares of PDF Solutions by 9.4% during the first quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock worth $41,857,000 after acquiring an additional 109,616 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of PDF Solutions by 44.9% during the first quarter. The Manufacturers Life Insurance Company now owns 14,197 shares of the technology company’s stock worth $464,000 after acquiring an additional 4,398 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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.