PDF Solutions (NASDAQ:PDFS) Shares Down 8.5% – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price fell 8.5% during mid-day trading on Thursday . The stock traded as low as $60.84 and last traded at $61.2010. Approximately 238,572 shares changed hands during trading, a decline of 57% from the average daily volume of 550,123 shares. The stock had previously closed at $66.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $52.00 price objective on shares of PDF Solutions in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. DA Davidson reissued a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, PDF Solutions currently has an average rating of “Hold” and an average price target of $54.00.

PDF Solutions Stock Down 13.6%

The company has a market cap of $2.31 billion, a price-to-earnings ratio of 322.49 and a beta of 1.63. The business has a 50-day simple moving average of $53.19 and a two-hundred day simple moving average of $40.09. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, beating 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 business had revenue of $60.13 million for the quarter, compared to analyst estimates of $59.71 million. As a group, equities analysts forecast that PDF Solutions, Inc. will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position 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 valued at $365,000 after purchasing an additional 5,540 shares during the period. Amundi boosted its holdings in shares of PDF Solutions by 117,205.9% during the 1st 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of PDF Solutions by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after buying an additional 753 shares during the period. Jane Street Group LLC grew its stake in PDF Solutions by 113.6% in the 1st 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 acquired a new position in PDF Solutions in the 1st quarter valued at $105,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

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.