PDF Solutions (NASDAQ:PDFS) Releases Quarterly Earnings Results, Hits Estimates

PDF Solutions (NASDAQ:PDFS) released its quarterly earnings data on Thursday. The technology company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25, FiscalAI reports. The company had revenue of $57.12 million for the quarter, compared to analysts’ expectations of $56.69 million. PDF Solutions had a return on equity of 4.22% and a net margin of 0.44%.

PDF Solutions Trading Down 3.8%

PDF Solutions stock traded down $1.04 during midday trading on Friday, hitting $26.45. 555,540 shares of the stock were exchanged, compared to its average volume of 262,035. The stock’s 50-day simple moving average is $24.93 and its 200 day simple moving average is $22.06. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 1,323.16 and a beta of 1.57. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. PDF Solutions has a fifty-two week low of $15.91 and a fifty-two week high of $33.42.

Analysts Set New Price Targets

PDFS has been the subject of a number of recent research reports. Rosenblatt Securities boosted their price objective on shares of PDF Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “hold (c-)” rating on shares of PDF Solutions in a research report on Wednesday, October 8th. Finally, DA Davidson upgraded shares of PDF Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PDF Solutions has a consensus rating of “Buy” and an average price target of $34.00.

Hedge Funds Weigh In On PDF Solutions

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,442 shares during the last quarter. Strs Ohio acquired a new position in PDF Solutions in the 1st quarter valued at $105,000. Brevan Howard Capital Management LP acquired a new stake in PDF Solutions in the second quarter valued at about $226,000. Jump Financial LLC acquired a new stake in shares of PDF Solutions in the 2nd quarter valued at approximately $306,000. Finally, State of Wyoming grew its stake in shares of PDF Solutions by 4.5% during the 2nd quarter. State of Wyoming now owns 15,447 shares of the technology company’s stock worth $330,000 after purchasing an additional 668 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

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.