PDF Solutions (NASDAQ:PDFS) Reaches New 12-Month High – Time to Buy?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.16 and last traded at $65.1030, with a volume of 32085 shares changing hands. The stock had previously closed at $65.36.

Analysts Set New Price Targets

Several analysts recently weighed in on PDFS shares. Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. DA Davidson reiterated a “buy” rating and set a $56.00 price objective on shares of PDF Solutions in a research note on Monday, May 18th. Rosenblatt Securities reissued a “buy” rating and issued a $52.00 target price on shares of PDF Solutions in a report on Tuesday, May 19th. Finally, Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $54.00.

PDF Solutions Trading Down 1.4%

The stock has a market cap of $2.57 billion, a PE ratio of 357.55 and a beta of 1.71. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $49.30 and its 200 day moving average price is $38.11.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. The business had revenue of $60.13 million for the quarter, compared to analysts’ expectations of $59.71 million. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%. On average, sell-side analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current year.

Institutional Investors Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its holdings in shares of PDF Solutions by 122.8% in the 4th 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. State of Wyoming raised its holdings in 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 buying an additional 668 shares during the period. LPL Financial LLC lifted its position in PDF Solutions by 7.6% in the fourth quarter. LPL Financial LLC now owns 10,399 shares of the technology company’s stock worth $297,000 after buying an additional 734 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PDF Solutions by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after buying an additional 753 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in PDF Solutions by 12.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,096 shares of the technology company’s stock worth $202,000 after buying an additional 764 shares during the period. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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.