PDF Solutions (NASDAQ:PDFS) Stock Price Down 11% – Time to Sell?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price dropped 11% during mid-day trading on Tuesday . The company traded as low as $48.06 and last traded at $47.0010. 58,866 shares changed hands during trading, a decline of 89% from the average session volume of 549,633 shares. The stock had previously closed at $52.80.

Wall Street Analyst Weigh In

Several equities analysts have commented on PDFS shares. DA Davidson set a $74.00 price target on shares of PDF Solutions in a research note on Monday. Wells Fargo & Company initiated coverage on PDF Solutions in a research note on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Sanford C. Bernstein began coverage on PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 target price for the company. Wall Street Zen cut PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Rosenblatt Securities restated a “buy” rating and set a $63.00 price target on shares of PDF Solutions in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.00.

PDF Solutions Stock Down 5.7%

The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 180.88 and a beta of 1.67. The firm’s fifty day simple moving average is $55.01 and its 200 day simple moving average is $44.88.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. Sell-side analysts predict that PDF Solutions, Inc. will post 0.77 earnings per share for the current year.

Insider Activity at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the transaction, the director owned 23,380 shares in the company, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.08% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds have recently added to or reduced their stakes in PDFS. Hantz Financial Services Inc. lifted its position in shares of PDF Solutions by 122.8% during 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 during the last quarter. Quantbot Technologies LP acquired a new position in shares of PDF Solutions in the 2nd quarter valued at $33,000. Meeder Asset Management Inc. purchased a new position in shares of PDF Solutions in the 2nd quarter valued at $44,000. Bell Investment Advisors Inc purchased a new position in shares of PDF Solutions in the 2nd quarter valued at $49,000. Finally, Tower Research Capital LLC TRC raised its stake in PDF Solutions by 257.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after acquiring an additional 2,442 shares in the last quarter. 79.51% of the stock is currently owned by hedge funds and other 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.