PDF Solutions (NASDAQ:PDFS) Reaches New 12-Month High – Here’s What Happened

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $69.05 and last traded at $69.19, with a volume of 51419 shares changing hands. The stock had previously closed at $65.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Rosenblatt Securities reiterated a “buy” rating and set a $52.00 price target on shares of PDF Solutions in a report 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, DA Davidson restated a “buy” rating and set a $56.00 price objective on shares of PDF Solutions in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

PDF Solutions Stock Down 5.5%

The firm has a 50 day moving average price of $53.19 and a 200-day moving average price of $40.09. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.67 billion, a PE ratio of 371.58 and a beta of 1.63.

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

Institutional Investors Weigh In On PDF Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of PDFS. William Blair Investment Management LLC grew its stake in shares of PDF Solutions by 0.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company’s stock worth $38,757,000 after purchasing an additional 9,040 shares in the last quarter. Ranger Investment Management L.P. increased its holdings in shares of PDF Solutions by 9.4% in the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock valued at $41,857,000 after acquiring an additional 109,616 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of PDF Solutions by 3.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,191,373 shares of the technology company’s stock valued at $25,472,000 after acquiring an additional 41,977 shares during the last quarter. State Street Corp raised its position in shares of PDF Solutions by 0.5% during the 4th quarter. State Street Corp now owns 1,151,576 shares of the technology company’s stock worth $32,854,000 after acquiring an additional 5,619 shares in the last quarter. Finally, Samjo Management LLC lifted its stake in PDF Solutions by 2.7% during the fourth quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company’s stock worth $32,839,000 after purchasing an additional 30,300 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.