PDF Solutions (NASDAQ:PDFS) Stock Price Down 7.5% – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFS) fell 7.5% during trading on Monday . The company traded as low as $48.36 and last traded at $47.1630. Approximately 41,143 shares were traded during trading, a decline of 93% from the average session volume of 549,026 shares. The stock had previously closed at $50.98.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. DA Davidson restated a “buy” rating and set a $56.00 target price on shares of PDF Solutions in a report on Monday, May 18th. Finally, Rosenblatt Securities lifted their price target on shares of PDF Solutions from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.50.

PDF Solutions Stock Performance

The stock has a fifty day simple moving average of $55.79 and a 200-day simple moving average of $43.06. The stock has a market cap of $1.87 billion, a P/E ratio of 260.21 and a beta of 1.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly 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. The company had revenue of $60.13 million for the quarter, compared to analyst estimates of $59.71 million. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%. On average, equities analysts expect that PDF Solutions, Inc. will post 0.67 earnings per share for the current year.

Hedge Funds Weigh In On PDF Solutions

A number of large investors have recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in shares of PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after purchasing an additional 873,002 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in PDF Solutions by 37.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 12,671 shares of the technology company’s stock valued at $897,000 after buying an additional 3,483 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in PDF Solutions during the 1st quarter worth about $985,000. Bank of America Corp DE lifted its position in PDF Solutions by 7.4% during the 1st quarter. Bank of America Corp DE now owns 85,776 shares of the technology company’s stock worth $2,806,000 after buying an additional 5,903 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of PDF Solutions by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after buying an additional 123,531 shares during the last quarter. Institutional investors and hedge funds 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.