PDF Solutions (NASDAQ:PDFS) Hits New 52-Week High – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.87 and last traded at $36.4130, with a volume of 212671 shares. The stock had previously closed at $35.76.

Wall Street Analysts Forecast Growth

PDFS has been the subject of several analyst reports. Rosenblatt Securities increased their price objective on PDF Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. Finally, DA Davidson raised their price objective on PDF Solutions from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.50.

PDF Solutions Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -3,563.00 and a beta of 1.57. The stock has a 50 day moving average price of $29.00 and a two-hundred day moving average price of $25.49.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, November 6th. The technology company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $57.12 million for the quarter, compared to analyst estimates of $56.69 million. PDF Solutions had a positive return on equity of 4.28% and a negative net margin of 0.03%. As a group, analysts expect that PDF Solutions, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On PDF Solutions

Several large investors have recently added to or reduced their stakes in PDFS. Acadian Asset Management LLC grew its stake in shares of PDF Solutions by 24.9% during the second quarter. Acadian Asset Management LLC now owns 211,161 shares of the technology company’s stock worth $4,500,000 after purchasing an additional 42,093 shares in the last quarter. Voya Investment Management LLC increased its position in shares of PDF Solutions by 55.3% during the first quarter. Voya Investment Management LLC now owns 58,955 shares of the technology company’s stock worth $1,127,000 after purchasing an additional 20,986 shares in the last quarter. Walleye Capital LLC acquired a new position in PDF Solutions during the second quarter worth approximately $996,000. Samjo Management LLC lifted its stake in PDF Solutions by 7.5% in the second quarter. Samjo Management LLC now owns 935,794 shares of the technology company’s stock valued at $20,007,000 after buying an additional 65,620 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of PDF Solutions by 74.8% in the third quarter. Rice Hall James & Associates LLC now owns 160,263 shares of the technology company’s stock valued at $4,138,000 after acquiring an additional 68,574 shares during the period. 79.51% of the stock is owned by hedge funds and other institutional investors.

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.