PDF Solutions (NASDAQ:PDFS) Shares Gap Down – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS) gapped down before the market opened on Thursday . The stock had previously closed at $51.57, but opened at $46.98. PDF Solutions shares last traded at $46.0360, with a volume of 1,777,497 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on PDFS. DA Davidson increased their target price on PDF Solutions from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Rosenblatt Securities increased their target price on PDF Solutions from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings raised PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.00.

PDF Solutions Trading Down 2.9%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. The business has a 50-day simple moving average of $39.01 and a two-hundred day simple moving average of $33.26. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 248.35 and a beta of 1.70.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%.The firm had revenue of $60.13 million during the quarter, compared to the consensus estimate of $59.71 million. As a group, research analysts forecast that PDF Solutions, Inc. will post 0.63 EPS for the current year.

Hedge Funds Weigh In On PDF Solutions

A number of large investors have recently bought and sold shares of PDFS. Ophir Asset Management Pty Ltd acquired a new position in PDF Solutions during the 4th quarter worth approximately $20,631,000. ArrowMark Colorado Holdings LLC boosted its holdings in shares of PDF Solutions by 595.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock valued at $11,665,000 after buying an additional 386,788 shares during the last quarter. Pillsbury Lake Capital LLC acquired a new stake in shares of PDF Solutions in the 4th quarter valued at approximately $10,729,000. Cannell Capital LLC acquired a new stake in shares of PDF Solutions in the 3rd quarter valued at approximately $8,709,000. Finally, Roubaix Capital LLC acquired a new stake in shares of PDF Solutions in the 3rd quarter valued at approximately $5,328,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

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.