FY2024 EPS Forecast for PDF Solutions Reduced by Analyst

PDF Solutions, Inc. (NASDAQ:PDFS) – Equities researchers at DA Davidson dropped their FY2024 EPS estimates for PDF Solutions in a note issued to investors on Friday, January 17th. DA Davidson analyst W. Jellison now expects that the technology company will post earnings per share of $0.29 for the year, down from their previous forecast of $0.30. The consensus estimate for PDF Solutions’ current full-year earnings is $0.30 per share. DA Davidson also issued estimates for PDF Solutions’ Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.50 EPS.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). PDF Solutions had a net margin of 2.58% and a return on equity of 3.24%. The company had revenue of $46.41 million during the quarter, compared to analysts’ expectations of $45.90 million. During the same period in the prior year, the business posted $0.04 earnings per share.

Other analysts also recently issued research reports about the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of PDF Solutions in a report on Friday, November 8th. StockNews.com raised PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Northland Securities reiterated an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a research report on Tuesday, December 24th.

PDF Solutions Price Performance

Shares of NASDAQ:PDFS opened at $28.48 on Monday. PDF Solutions has a 1 year low of $26.60 and a 1 year high of $39.70. The business’s 50 day moving average price is $29.47 and its 200-day moving average price is $30.83. The firm has a market capitalization of $1.10 billion, a PE ratio of 258.93 and a beta of 1.53.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in PDF Solutions by 388.4% during the 3rd quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock valued at $1,757,000 after acquiring an additional 44,111 shares during the period. State Street Corp boosted its stake in shares of PDF Solutions by 2.1% in the third quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock valued at $36,357,000 after purchasing an additional 23,148 shares during the period. Creative Planning purchased a new position in shares of PDF Solutions in the third quarter valued at approximately $341,000. Franklin Resources Inc. grew its holdings in shares of PDF Solutions by 8.9% in the third quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock valued at $394,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Emerald Advisers LLC increased its stake in PDF Solutions by 2.2% during the 3rd quarter. Emerald Advisers LLC now owns 895,248 shares of the technology company’s stock worth $28,361,000 after buying an additional 19,673 shares during the period. 79.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Nancy Erba sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $30.81, for a total value of $61,620.00. Following the sale, the director now directly owns 13,739 shares in the company, valued at approximately $423,298.59. The trade was a 12.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrzej Strojwas sold 5,030 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $30.85, for a total transaction of $155,175.50. Following the completion of the sale, the insider now directly owns 94,717 shares in the company, valued at $2,922,019.45. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.13% of the stock is owned by insiders.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.