PDF Solutions (NASDAQ:PDFS) Sets New 1-Year High – Time to Buy?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) reached a new 52-week high during trading on Tuesday . The company traded as high as $60.42 and last traded at $60.2680, with a volume of 96786 shares trading hands. The stock had previously closed at $56.30.

Analyst Ratings Changes

PDFS has been the subject of a number of recent research reports. Rosenblatt Securities reiterated 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 PDF Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, DA Davidson restated a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.00.

PDF Solutions Trading Up 1.0%

The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $44.15 and a 200-day simple moving average of $35.79. The company has a market capitalization of $2.27 billion, a PE ratio of 315.12 and a beta of 1.71.

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

Hedge Funds Weigh In On PDF Solutions

A number of hedge funds have recently modified their holdings of PDFS. Ophir Asset Management Pty Ltd purchased a new position in shares of PDF Solutions during the 4th quarter worth $20,631,000. ArrowMark Colorado Holdings LLC grew its holdings in shares of PDF Solutions by 595.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock worth $11,665,000 after purchasing an additional 386,788 shares during the period. Pillsbury Lake Capital LLC purchased a new position in shares of PDF Solutions during the 4th quarter worth approximately $10,729,000. Cannell Capital LLC purchased a new position in shares of PDF Solutions during the 3rd quarter worth approximately $8,709,000. Finally, Roubaix Capital LLC purchased a new position in shares of PDF Solutions during the 3rd quarter worth approximately $5,328,000. 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.