PDF Solutions (NASDAQ:PDFS) Issues Quarterly Earnings Results, Hits Expectations

PDF Solutions (NASDAQ:PDFS) issued its quarterly earnings data on Thursday. The technology company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25, FiscalAI reports. The business had revenue of $57.12 million during the quarter, compared to analyst estimates of $56.69 million. PDF Solutions had a net margin of 0.44% and a return on equity of 4.22%.

PDF Solutions Stock Down 3.8%

PDF Solutions stock traded down $1.04 during mid-day trading on Friday, reaching $26.45. The stock had a trading volume of 555,540 shares, compared to its average volume of 262,035. PDF Solutions has a one year low of $15.91 and a one year high of $33.42. The company has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $22.06. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 1,323.16 and a beta of 1.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of PDF Solutions in a research note on Wednesday, October 8th. Wall Street Zen cut PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. DA Davidson raised PDF Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Rosenblatt Securities upped their target price on shares of PDF Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $34.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of PDF Solutions during the second quarter valued at approximately $598,000. The Manufacturers Life Insurance Company raised its holdings in PDF Solutions by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,883 shares of the technology company’s stock worth $361,000 after acquiring an additional 844 shares during the last quarter. Federated Hermes Inc. lifted its position in PDF Solutions by 96.2% in the 2nd quarter. Federated Hermes Inc. now owns 29,735 shares of the technology company’s stock valued at $636,000 after acquiring an additional 14,581 shares in the last quarter. Jane Street Group LLC boosted its stake in PDF Solutions by 113.6% during the 1st quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 32,383 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PDF Solutions by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock valued at $353,000 after purchasing an additional 753 shares during the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Company Profile

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.