PDF Solutions Inc. (PDFS) Short Interest Up 33.3% in November
PDF Solutions Inc. (NASDAQ:PDFS) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 932,286 shares, an increase of 33.3% from the October 31st total of 699,231 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average trading volume of 182,085 shares, the days-to-cover ratio is currently 5.1 days.
Shares of PDF Solutions (NASDAQ:PDFS) opened at 23.93 on Tuesday. The company has a market cap of $753.41 million, a P/E ratio of 85.46 and a beta of 1.37. The company has a 50-day moving average price of $19.92 and a 200-day moving average price of $16.69. PDF Solutions has a 52-week low of $8.70 and a 52-week high of $24.35.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The business earned $27.30 million during the quarter, compared to analysts’ expectations of $26.49 million. PDF Solutions had a return on equity of 6.05% and a net margin of 8.69%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, equities analysts predict that PDF Solutions will post $0.68 EPS for the current year.
PDFS has been the subject of a number of recent research reports. Zacks Investment Research downgraded PDF Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. DA Davidson boosted their target price on PDF Solutions from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 13th.
In other news, CFO Gregory C. Walker sold 6,229 shares of PDF Solutions stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $19.85, for a total transaction of $123,645.65. Following the completion of the sale, the chief financial officer now owns 13,972 shares in the company, valued at approximately $277,344.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory C. Walker sold 2,665 shares of PDF Solutions stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $15.90, for a total value of $42,373.50. Following the sale, the chief financial officer now owns 20,528 shares of the company’s stock, valued at approximately $326,395.20. The disclosure for this sale can be found here. Insiders own 16.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of PDF Solutions by 82.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,571,735 shares of the company’s stock worth $46,728,000 after buying an additional 1,163,704 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in PDF Solutions by 56.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 8,900 shares of the company’s stock valued at $161,000 after buying an additional 3,200 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in PDF Solutions during the third quarter valued at about $349,000. Two Sigma Advisers LP boosted its stake in PDF Solutions by 2.0% in the third quarter. Two Sigma Advisers LP now owns 40,100 shares of the company’s stock valued at $729,000 after buying an additional 800 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in PDF Solutions by 0.9% in the third quarter. California State Teachers Retirement System now owns 57,180 shares of the company’s stock valued at $1,039,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
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PDF Solutions Company Profile
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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