PDF Solutions (NASDAQ:PDFS) Shares Gap Down – Here’s What Happened

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $35.86, but opened at $34.73. PDF Solutions shares last traded at $34.46, with a volume of 3,694 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PDFS shares. Weiss Ratings reissued a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. DA Davidson boosted their target price on shares of PDF Solutions from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Rosenblatt Securities raised their price target on shares of PDF Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.50.

PDF Solutions Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $1.35 billion, a PE ratio of -3,413.00 and a beta of 1.57. The stock has a fifty day moving average price of $29.59 and a 200-day moving average price of $25.71.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $57.12 million during the quarter, compared to analyst estimates of $56.69 million. PDF Solutions had a negative net margin of 0.03% and a positive return on equity of 4.28%. Sell-side analysts forecast that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PDFS. ArrowMark Colorado Holdings LLC increased its stake in shares of PDF Solutions by 595.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock worth $11,665,000 after acquiring an additional 386,788 shares during the period. Cannell Capital LLC acquired a new stake in PDF Solutions during the 3rd quarter worth about $8,709,000. Roubaix Capital LLC purchased a new position in shares of PDF Solutions during the 3rd quarter valued at about $5,328,000. Squarepoint Ops LLC lifted its holdings in shares of PDF Solutions by 378.6% in the 3rd quarter. Squarepoint Ops LLC now owns 254,511 shares of the technology company’s stock valued at $6,571,000 after buying an additional 201,337 shares during the period. Finally, Ranger Investment Management L.P. boosted its stake in shares of PDF Solutions by 19.2% in the second quarter. Ranger Investment Management L.P. now owns 1,045,545 shares of the technology company’s stock worth $22,354,000 after buying an additional 168,450 shares during the last quarter. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

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.