PDF Solutions (NASDAQ:PDFS) Sets New 52-Week High – Still a Buy?

PDF Solutions, Inc. (NASDAQ:PDFS) shares hit a new 52-week high on Monday . The stock traded as high as $68.16 and last traded at $65.1030, with a volume of 32085 shares. The stock had previously closed at $65.36.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PDFS. Weiss Ratings raised shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Rosenblatt Securities restated a “buy” rating and issued a $52.00 price target on shares of PDF Solutions in a report on Tuesday, May 19th. DA Davidson reaffirmed a “buy” rating and issued a $56.00 price objective on shares of PDF Solutions in a research note on Monday, May 18th. Finally, Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PDF Solutions has a consensus rating of “Hold” and an average price target of $54.00.

PDF Solutions Trading Down 6.8%

The company has a market cap of $2.42 billion, a price-to-earnings ratio of 336.35 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 2.34. The business’s 50-day simple moving average is $50.27 and its 200-day simple moving average is $38.59.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS 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 business had revenue of $60.13 million for the quarter, compared to analyst estimates of $59.71 million. Research analysts predict that PDF Solutions, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of PDF Solutions

A number of large investors have recently made changes to their positions in PDFS. Hantz Financial Services Inc. lifted its holdings in PDF Solutions by 122.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after purchasing an additional 615 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after buying an additional 2,442 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of PDF Solutions during the fourth quarter worth about $82,000. Johnson Financial Group Inc. acquired a new position in shares of PDF Solutions in the third quarter valued at approximately $83,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of PDF Solutions in the third quarter valued at approximately $100,000. 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.