PDF Solutions (NASDAQ:PDFS) Shares Gap Down – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $47.77, but opened at $43.94. PDF Solutions shares last traded at $45.3660, with a volume of 57,714 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company initiated coverage on PDF Solutions in a report on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target for the company. Royal Bank Of Canada cut shares of PDF Solutions to an “outperform” rating in a research note on Tuesday, September 8th. DA Davidson set a $74.00 price objective on shares of PDF Solutions in a research report on Monday, August 17th. Wall Street Zen cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.80.

PDF Solutions Stock Down 3.2%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 165.68 and a beta of 1.64. The firm has a fifty day moving average price of $48.10 and a 200 day moving average price of $46.65.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The firm had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. As a group, sell-side analysts expect that PDF Solutions, Inc. will post 0.78 EPS for the current fiscal year.

Insider Transactions at PDF Solutions

In related news, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the sale, the director owned 23,380 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Andrzej Strojwas sold 3,394 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $44.41, for a total transaction of $150,727.54. Following the sale, the chief technology officer directly owned 90,965 shares in the company, valued at approximately $4,039,755.65. This represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in PDF Solutions during the second quarter worth $392,908,000. Wasatch Advisors LP grew its holdings in PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after purchasing an additional 873,002 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of PDF Solutions in the second quarter valued at $93,416,000. Ranger Investment Management L.P. purchased a new position in shares of PDF Solutions in the second quarter valued at $81,384,000. Finally, Jupiter Topco LLC acquired a new position in shares of PDF Solutions during the 2nd quarter worth $65,677,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc provides software, hardware and services that help semiconductor and electronics manufacturers improve product quality, manufacturing efficiency and yields. Its solutions collect and analyze data across the semiconductor production process, enabling customers to identify defects, monitor process performance and make data-driven decisions from design through manufacturing and test.

The company’s offerings include the Exensio platform, a suite of manufacturing analytics and data-management applications.