PDF Solutions (NASDAQ:PDFS) Stock Price Down 7% – Here’s What Happened

PDF Solutions, Inc. (NASDAQ:PDFS) shares were down 7% during trading on Monday . The stock traded as low as $31.30 and last traded at $31.1050. Approximately 44,107 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 321,034 shares. The stock had previously closed at $33.46.

Analyst Ratings Changes

A number of research firms have weighed in on PDFS. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $34.00 price target on shares of PDF Solutions in a research report on Monday, February 9th. DA Davidson raised their price objective on shares of PDF Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PDF Solutions in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.00.

PDF Solutions Stock Down 8.0%

The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $32.89 and a 200-day simple moving average of $29.40. The firm has a market cap of $1.23 billion, a P/E ratio of -1,538.65 and a beta of 1.55.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $61.95 million. PDF Solutions had a positive return on equity of 4.86% and a negative net margin of 0.29%. On average, equities analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On PDF Solutions

Hedge funds have recently modified their holdings of the company. UMB Bank n.a. raised its position in shares of PDF Solutions by 138.9% during the 3rd quarter. UMB Bank n.a. now owns 951 shares of the technology company’s stock valued at $25,000 after purchasing an additional 553 shares during the period. Hantz Financial Services Inc. increased its stake 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 worth $32,000 after buying an additional 615 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in PDF Solutions by 257.1% in the 2nd 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 bought a new stake in PDF Solutions during the fourth quarter valued at about $82,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of PDF Solutions in the third quarter valued at about $83,000. 79.51% of the stock is currently owned by institutional investors.

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.