PDF Solutions (NASDAQ:PDFS) Sets New 52-Week High – Here’s Why

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) hit a new 52-week high on Monday . The company traded as high as $67.24 and last traded at $65.7140, with a volume of 3398 shares. The stock had previously closed at $64.14.

Wall Street Analyst Weigh In

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

PDF Solutions Stock Performance

The stock has a market capitalization of $2.61 billion, a PE ratio of 365.30 and a beta of 1.71. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $46.43 and a 200-day moving average price of $36.81.

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

Institutional Trading of PDF Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ophir Asset Management Pty Ltd purchased a new position in shares of PDF Solutions during the fourth quarter worth $20,631,000. ArrowMark Colorado Holdings LLC raised its stake in shares of PDF Solutions by 595.1% during the 3rd 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 last quarter. Pillsbury Lake Capital LLC purchased a new position in shares of PDF Solutions during the 4th quarter valued at about $10,729,000. Cannell Capital LLC acquired a new position in shares of PDF Solutions in the 3rd quarter valued at about $8,709,000. Finally, Roubaix Capital LLC purchased a new stake in shares of PDF Solutions in the third quarter worth about $5,328,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

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.