PDF Solutions (NASDAQ:PDFS) Stock Price Down 11% – Time to Sell?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price dropped 11% on Tuesday . The company traded as low as $48.06 and last traded at $47.0010. 58,866 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 549,633 shares. The stock had previously closed at $52.80.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on PDF Solutions in a research report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 target price on the stock. Wells Fargo & Company began coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target on the stock. DA Davidson set a $74.00 price objective on shares of PDF Solutions in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PDF Solutions in a research report on Friday, August 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.00.

PDF Solutions Stock Performance

The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 189.60 and a beta of 1.67. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $55.47 and a 200-day moving average of $44.71.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $61.53 million during the quarter, compared to analysts’ expectations of $61.17 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. As a group, sell-side analysts predict that PDF Solutions, Inc. will post 0.7 earnings per share for the current year.

Insider Activity

In other news, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the transaction, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its position in PDF Solutions by 122.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock worth $32,000 after buying an additional 615 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of PDF Solutions in the second quarter worth $33,000. Meeder Asset Management Inc. acquired a new stake in shares of PDF Solutions in the second quarter worth $44,000. Bell Investment Advisors Inc purchased a new position in shares of PDF Solutions during the second quarter worth $49,000. Finally, Tower Research Capital LLC TRC boosted its holdings in PDF Solutions by 257.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,442 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.