PDF Solutions (NASDAQ:PDFS) Stock Price Down 7.4% – Time to Sell?

PDF Solutions, Inc. (NASDAQ:PDFS) shares traded down 7.4% during trading on Friday. The company traded as low as $37.40 and last traded at $37.6240. 331,019 shares were traded during mid-day trading, a decline of 43% from the average session volume of 577,063 shares. The stock had previously closed at $40.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PDFS shares. UBS Group restated a “neutral” rating on shares of PDF Solutions in a research report on Monday, September 21st. Royal Bank Of Canada downgraded PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Rosenblatt Securities reissued a “buy” rating and set a $63.00 price objective on shares of PDF Solutions in a research report on Friday, August 7th. Wells Fargo & Company dropped their target price on shares of PDF Solutions from $50.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, November 6th. Finally, Needham & Company LLC initiated coverage on shares of PDF Solutions in a research report on Friday, September 25th. They issued a “buy” rating and a $60.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.17.

PDF Solutions Stock Down 8.0%

The stock has a 50 day simple moving average of $45.30 and a 200-day simple moving average of $44.72. The firm has a market cap of $1.58 billion, a PE ratio of 98.41 and a beta of 1.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.29 and a quick ratio of 3.29.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, November 5th. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.33 by $0.07. PDF Solutions had a return on equity of 8.12% and a net margin of 6.28%. The business had revenue of $68.33 million for the quarter, compared to the consensus estimate of $67.48 million. Sell-side analysts predict that PDF Solutions, Inc. will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other PDF Solutions news, CTO Andrzej Strojwas sold 3,394 shares of the firm’s stock in a transaction dated 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 directly owned 90,965 shares in the company, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in PDF Solutions in the 2nd quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in shares of PDF Solutions in the 2nd quarter worth $44,000. Bell Investment Advisors Inc purchased a new position in shares of PDF Solutions in the second quarter worth $49,000. Sterling Capital Management LLC raised its stake in shares of PDF Solutions by 993.1% in the third quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of PDF Solutions by 244.7% during the third quarter. Bessemer Group Inc. now owns 1,396 shares of the technology company’s stock valued at $70,000 after purchasing an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions provides software, connectivity products and services for the semiconductor and electronics industries. Its offerings help manufacturers collect and analyze production data, monitor processes and identify opportunities to improve yield, quality and operational efficiency. The company’s Exensio platform supports analytics across semiconductor design and manufacturing, while its Cimetrix products provide software for connecting and controlling manufacturing equipment. PDF Solutions also offers engineering and consulting services to help customers implement its technologies and address manufacturing challenges.