PDF Solutions (NASDAQ:PDFS) Shares Gap Up – Here’s Why

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) gapped up before the market opened on Tuesday . The stock had previously closed at $47.63, but opened at $50.18. PDF Solutions shares last traded at $50.30, with a volume of 67,724 shares.

Analyst Ratings Changes

A number of research firms have recently commented on PDFS. Sanford C. Bernstein started coverage on PDF Solutions in a research report on Tuesday. They set an “outperform” rating and a $65.00 price target on the stock. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a research note on Friday. Wells Fargo & Company assumed coverage on PDF Solutions in a research note on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Finally, DA Davidson restated a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PDF Solutions has a consensus rating of “Hold” and a consensus target price of $58.50.

PDF Solutions Trading Up 2.6%

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 $55.87 and a 200 day moving average of $44.13. The company has a market cap of $1.95 billion, a P/E ratio of 195.58 and a beta of 1.67.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The company had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. On average, analysts predict that PDF Solutions, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in shares of PDF Solutions by 122.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock worth $32,000 after purchasing an additional 615 shares during the period. Meeder Asset Management Inc. bought a new position in PDF Solutions during the 2nd quarter valued at approximately $44,000. State of Wyoming boosted 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 valued at $330,000 after purchasing an additional 668 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in shares of PDF Solutions during the second quarter valued at about $49,000. Finally, LPL Financial LLC boosted its position in shares of PDF Solutions by 7.6% in the 4th quarter. LPL Financial LLC now owns 10,399 shares of the technology company’s stock worth $297,000 after purchasing an additional 734 shares in the last quarter. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

About PDF Solutions

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.