PDF Solutions (NASDAQ:PDFS) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $48.53 and traded as high as $53.77. PDF Solutions shares last traded at $53.17, with a volume of 429,136 shares.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada cut PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Morgan Stanley began coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 target price on the stock. Wall Street Zen lowered shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price target for the company. Finally, Weiss Ratings upgraded PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, PDF Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

PDF Solutions Stock Performance

The business’s fifty day simple moving average is $47.68 and its 200-day simple moving average is $48.66. The firm has a market cap of $2.17 billion, a P/E ratio of 217.60 and a beta of 1.66. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The company had revenue of $61.53 million during the quarter, compared to analysts’ expectations of $61.17 million. As a group, sell-side analysts expect that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.

Insider Activity

In related news, CTO Andrzej Strojwas sold 3,394 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the transaction, the chief technology officer directly owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shuo Zhang sold 1,501 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the transaction, the director directly owned 23,380 shares of the company’s stock, valued at $1,203,368.60. This represents a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in PDF Solutions in the second quarter worth $392,908,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of PDF Solutions in the 2nd quarter worth approximately $93,416,000. Ranger Investment Management L.P. purchased a new position in shares of PDF Solutions in the 2nd quarter valued at $81,384,000. Jupiter Topco LLC bought a new position in shares of PDF Solutions in the 2nd quarter worth $65,677,000. Finally, Wasatch Advisors LP raised its position in shares of PDF Solutions by 171.9% in the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock worth $97,743,000 after acquiring an additional 873,002 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

PDF Solutions Company Profile

PDF Solutions, Inc provides software, services and engineering solutions that help semiconductor manufacturers improve production processes, product quality and manufacturing yields. Its offerings are designed to collect, integrate and analyze data from semiconductor design, fabrication, assembly and testing operations.

The company’s Exensio platform supports applications such as yield management, manufacturing intelligence, fault detection and classification, process control, test-data analysis and supply-chain visibility.