PDF Solutions (NASDAQ:PDFS) Stock Price Up 6.8% – Time to Buy?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) shot up 6.8% on Monday. The stock traded as high as $41.82 and last traded at $41.90. 113,429 shares changed hands during trading, a decline of 80% from the average session volume of 566,475 shares. The stock had previously closed at $39.22.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley began coverage on shares of PDF Solutions in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of PDF Solutions in a research report on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price objective for the company. UBS Group reiterated a “neutral” rating on shares of PDF Solutions in a research note on Monday, September 21st. Wall Street Zen lowered shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.33.

PDF Solutions Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45. The company has a 50-day simple moving average of $47.14 and a two-hundred day simple moving average of $49.31. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 164.72 and a beta of 1.66.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. On average, equities research analysts predict that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.

Insider Transactions at PDF Solutions

In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the company’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 transaction, the director owned 23,380 shares in the company, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the sale, the chief technology officer owned 90,965 shares in the company, valued at $4,039,755.65. The trade was a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.08% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in PDFS. Counterpoint Mutual Funds LLC raised its stake in shares of PDF Solutions by 98.9% during the third quarter. Counterpoint Mutual Funds LLC now owns 12,411 shares of the technology company’s stock valued at $634,000 after purchasing an additional 6,171 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in PDF Solutions by 4.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 6,095 shares of the technology company’s stock worth $311,000 after purchasing an additional 282 shares during the period. GAMMA Investing LLC grew its position in PDF Solutions by 18.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,711 shares of the technology company’s stock valued at $138,000 after buying an additional 430 shares in the last quarter. Farther Finance Advisors LLC grew its position in PDF Solutions by 1,273.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,760 shares of the technology company’s stock valued at $141,000 after buying an additional 2,559 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in PDF Solutions by 11.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 14,089 shares of the technology company’s stock valued at $719,000 after buying an additional 1,418 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

PDF Solutions, Inc (NASDAQ: PDFS) provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company’s product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.