PDF Solutions (NASDAQ:PDFS) Trading Down 7.2% – Here’s What Happened

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price traded down 7.2% during trading on Friday . The stock traded as low as $62.40 and last traded at $63.7160. Approximately 50,468 shares traded hands during trading, a decline of 91% from the average daily volume of 531,748 shares. The stock had previously closed at $68.67.

Analyst Upgrades and Downgrades

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

PDF Solutions Stock Down 8.7%

The business’s 50 day moving average price is $51.28 and its 200-day moving average price is $39.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market cap of $2.50 billion, a P/E ratio of 349.41 and a beta of 1.71.

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

Institutional Trading of PDF Solutions

Several hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted 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 valued at $32,000 after buying an additional 615 shares during the period. Tower Research Capital LLC TRC lifted its position in PDF Solutions by 257.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock valued at $73,000 after acquiring an additional 2,442 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in PDF Solutions in the 4th quarter valued at $82,000. Johnson Financial Group Inc. acquired a new position in PDF Solutions in the 3rd quarter worth $83,000. Finally, iSAM Funds UK Ltd acquired a new position in PDF Solutions in the 3rd quarter worth $100,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.