PDF Solutions (NASDAQ:PDFS) Shares Gap Up – Time to Buy?

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $52.42, but opened at $56.09. PDF Solutions shares last traded at $56.7230, with a volume of 53,205 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $52.00 target price on shares of PDF Solutions in a research note on Tuesday, May 19th. DA Davidson reissued a “buy” rating and issued a $56.00 price target 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 analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PDF Solutions has a consensus rating of “Hold” and a consensus price target of $54.00.

PDF Solutions Stock Performance

The stock has a 50-day moving average price of $54.39 and a 200 day moving average price of $41.04. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 311.10 and a beta of 1.63.

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

Hedge Funds Weigh In On PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. William Blair Investment Management LLC raised its stake in PDF Solutions by 0.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company’s stock valued at $38,757,000 after buying an additional 9,040 shares in the last quarter. Ranger Investment Management L.P. boosted its position in shares of PDF Solutions by 9.4% during the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock worth $41,857,000 after acquiring an additional 109,616 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of PDF Solutions by 3.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,191,373 shares of the technology company’s stock worth $25,472,000 after acquiring an additional 41,977 shares in the last quarter. State Street Corp increased its holdings in shares of PDF Solutions by 0.5% in the 4th quarter. State Street Corp now owns 1,151,576 shares of the technology company’s stock valued at $32,854,000 after acquiring an additional 5,619 shares during the last quarter. Finally, Samjo Management LLC increased its holdings in shares of PDF Solutions by 2.7% in the 4th quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company’s stock valued at $32,839,000 after acquiring an additional 30,300 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

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.