PDF Solutions (NASDAQ:PDFS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.30 and traded as high as $32.95. PDF Solutions shares last traded at $31.77, with a volume of 251,970 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $34.00 price objective on shares of PDF Solutions in a research report on Monday, February 9th. Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. DA Davidson raised their target price on PDF Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.00.

PDF Solutions Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -1,588.50 and a beta of 1.55. The company has a 50-day moving average price of $32.64 and a 200-day moving average price of $28.36.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. PDF Solutions had a negative net margin of 0.29% and a positive return on equity of 4.86%. The business had revenue of $62.40 million for the quarter, compared to the consensus estimate of $61.95 million. On average, equities research analysts expect that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of PDF Solutions by 40.9% in the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock valued at $365,000 after buying an additional 5,540 shares during the period. Amundi raised its stake in 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. lifted its holdings 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 worth $353,000 after acquiring an additional 753 shares in the last quarter. Jane Street Group LLC lifted 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 worth $1,163,000 after acquiring an additional 32,383 shares in the last quarter. Finally, Strs Ohio acquired a new position in PDF Solutions in the first quarter valued at about $105,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.