PDF Solutions (NASDAQ:PDFS) Stock Price Down 8.5% – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFSGet Free Report)’s stock price dropped 8.5% on Thursday . The company traded as low as $60.84 and last traded at $61.2010. Approximately 238,572 shares were traded during mid-day trading, a decline of 57% from the average session volume of 550,123 shares. The stock had previously closed at $66.88.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PDFS shares. DA Davidson restated a “buy” rating and set a $56.00 price objective on shares of PDF Solutions in a report on Monday, May 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $52.00 target price on shares of PDF Solutions in a report on Tuesday, May 19th. 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, Wall Street Zen upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.00.

Get Our Latest Analysis on PDF Solutions

PDF Solutions Stock Down 13.6%

The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 322.49 and a beta of 1.63. 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 firm has a 50-day moving average of $53.19 and a two-hundred day moving average of $40.09.

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

Institutional Trading of PDF Solutions

Institutional investors have recently made changes to their positions in the stock. Divisar Capital Management LLC increased its stake in shares of PDF Solutions by 11.9% in the third quarter. Divisar Capital Management LLC now owns 684,082 shares of the technology company’s stock worth $17,663,000 after acquiring an additional 72,695 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in PDF Solutions by 595.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock valued at $11,665,000 after purchasing an additional 386,788 shares during the last quarter. Cannell Capital LLC purchased a new position in PDF Solutions in the third quarter valued at about $8,709,000. FNY Investment Advisers LLC purchased a new position in PDF Solutions in the third quarter valued at about $428,000. Finally, CVA Family Office LLC acquired a new position in PDF Solutions in the 4th quarter worth about $507,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

(Get Free Report)

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.

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