PDF Solutions (NASDAQ:PDFS) Shares Up 6.8% – What’s Next?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) were up 6.8% during trading on Monday. The company traded as high as $41.82 and last traded at $41.90. 113,429 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 566,475 shares. The stock had previously closed at $39.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley started coverage on shares of PDF Solutions in a research report on Tuesday, September 8th. They set an “overweight” rating and a $62.00 target price on the stock. Sanford C. Bernstein initiated coverage on PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $63.00 price objective on shares of PDF Solutions in a research note on Friday, August 7th. UBS Group restated a “neutral” rating on shares of PDF Solutions in a report on Monday, September 21st. Finally, Needham & Company LLC assumed coverage on PDF Solutions in a report on Friday, September 25th. They set a “buy” rating and a $60.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.33.

PDF Solutions Price Performance

The firm has a fifty day moving average of $47.43 and a two-hundred day moving average of $49.20. The stock has a market capitalization of $1.67 billion, a P/E ratio of 167.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $61.53 million for the quarter, compared to analysts’ expectations of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. On average, analysts predict that PDF Solutions, Inc. will post 0.78 EPS for the current year.

Insider Activity at PDF Solutions

In related news, Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total transaction of $77,256.47. Following the transaction, the director directly owned 23,380 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Also, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the transaction, the chief technology officer directly owned 90,965 shares in the company, valued at approximately $4,039,755.65. The trade was a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.08% of the stock is currently owned by corporate insiders.

Institutional Trading of PDF Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC raised its position in shares of PDF Solutions by 98.9% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 12,411 shares of the technology company’s stock valued at $634,000 after purchasing an additional 6,171 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its stake in PDF Solutions by 4.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 6,095 shares of the technology company’s stock worth $311,000 after purchasing an additional 282 shares in the last quarter. GAMMA Investing LLC grew its position in PDF Solutions by 18.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,711 shares of the technology company’s stock worth $138,000 after purchasing an additional 430 shares during the last quarter. Farther Finance Advisors LLC grew its position in PDF Solutions by 1,273.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,760 shares of the technology company’s stock worth $141,000 after purchasing an additional 2,559 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in PDF Solutions by 11.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 14,089 shares of the technology company’s stock valued at $719,000 after purchasing an additional 1,418 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

PDF Solutions Company Profile

PDF Solutions, Inc provides software, services and engineering solutions that help semiconductor manufacturers improve production processes, product quality and manufacturing yields. Its offerings are designed to collect, integrate and analyze data from semiconductor design, fabrication, assembly and testing operations.

The company’s Exensio platform supports applications such as yield management, manufacturing intelligence, fault detection and classification, process control, test-data analysis and supply-chain visibility.