PDF Solutions (NASDAQ:PDFS) Sets New 52-Week High – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.05 and last traded at $69.19, with a volume of 51419 shares traded. The stock had previously closed at $65.92.

Analyst Upgrades and Downgrades

PDFS has been the topic of several research reports. Weiss Ratings raised shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. DA Davidson restated a “buy” rating and set a $56.00 price objective on shares of PDF Solutions in a research report on Monday, May 18th. Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $52.00 price objective on shares of PDF Solutions in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.00.

PDF Solutions Price Performance

The firm has a market cap of $2.79 billion, a P/E ratio of 388.88 and a beta of 1.71. The business’s fifty day simple moving average is $52.18 and its 200-day simple moving average is $39.57. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.08. The business had revenue of $60.13 million for the quarter, compared to analysts’ expectations of $59.71 million. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. As a group, analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of PDF Solutions by 40.9% in the first quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock worth $365,000 after acquiring an additional 5,540 shares during the last quarter. Amundi boosted its holdings in shares of PDF Solutions by 117,205.9% in the first quarter. Amundi now owns 19,942 shares of the technology company’s stock worth $381,000 after buying an additional 19,925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PDF Solutions by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock valued at $353,000 after buying an additional 753 shares during the period. Jane Street Group LLC increased its holdings in PDF Solutions by 113.6% during the first quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock valued at $1,163,000 after buying an additional 32,383 shares during the last quarter. Finally, Strs Ohio bought a new position in PDF Solutions in the first quarter worth approximately $105,000. 79.51% of the stock is owned by institutional investors.

PDF Solutions Company Profile

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.