PDF Solutions (NASDAQ:PDFS) Announces Quarterly Earnings Results

PDF Solutions (NASDAQ:PDFS) posted its quarterly earnings results on Thursday. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06, FiscalAI reports. The firm had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $61.95 million. PDF Solutions had a negative net margin of 0.03% and a positive return on equity of 4.28%.

PDF Solutions Price Performance

NASDAQ:PDFS traded down $0.48 during trading hours on Thursday, reaching $32.04. 372,798 shares of the company’s stock were exchanged, compared to its average volume of 314,138. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.27 billion, a P/E ratio of -3,204.00 and a beta of 1.55. PDF Solutions has a 12 month low of $15.91 and a 12 month high of $36.99. The business’s 50-day simple moving average is $31.09 and its two-hundred day simple moving average is $26.51.

Institutional Investors Weigh In On PDF Solutions

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of PDF Solutions by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,883 shares of the technology company’s stock valued at $361,000 after acquiring an additional 844 shares in the last quarter. Jump Financial LLC acquired a new position in PDF Solutions in the 2nd quarter valued at $306,000. M&T Bank Corp grew its position in shares of PDF Solutions by 16.2% in the second quarter. M&T Bank Corp now owns 15,659 shares of the technology company’s stock valued at $335,000 after purchasing an additional 2,180 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of PDF Solutions by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after purchasing an additional 753 shares during the period. Finally, Amundi lifted its position in shares of 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 purchasing an additional 19,925 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Wall Street Analysts Forecast Growth

PDFS has been the subject of several recent research reports. DA Davidson reaffirmed a “buy” rating and set a $36.00 target price on shares of PDF Solutions in a report on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $34.00 price objective on shares of PDF Solutions in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a research 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 stock. According to MarketBeat.com, PDF Solutions currently has an average rating of “Hold” and an average price target of $35.00.

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.