PDF Solutions (NASDAQ:PDFS) Stock Falls 7.3% – Should You Sell?

PDF Solutions, Inc. (NASDAQ:PDFS) was down 7.3% during mid-day trading on Tuesday. The company traded as low as $49.61 and last traded at $48.8570. Approximately 88,888 shares changed hands during trading, a decline of 84% from the average session volume of 561,516 shares. The stock had previously closed at $52.69.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a research note on Friday, August 7th. Weiss Ratings upgraded PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wells Fargo & Company began coverage on PDF Solutions in a report on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Sanford C. Bernstein began coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Royal Bank Of Canada lowered shares of PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.00.

PDF Solutions Price Performance

The company has a market cap of $1.69 billion, a PE ratio of 89.85 and a beta of 1.66. The company has a 50-day moving average price of $47.73 and a two-hundred day moving average price of $49.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. The company had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. Sell-side analysts expect that PDF Solutions, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the sale, the director owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. This trade represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Andrzej Strojwas sold 3,394 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the completion of the sale, the chief technology officer directly owned 90,965 shares in the company, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PDF Solutions

A number of hedge funds have recently added to or reduced their stakes in PDFS. ZWJ Investment Counsel Inc. increased its holdings in PDF Solutions by 4.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 6,095 shares of the technology company’s stock valued at $311,000 after buying an additional 282 shares during the period. GAMMA Investing LLC lifted its holdings in shares of PDF Solutions by 18.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,711 shares of the technology company’s stock worth $138,000 after acquiring an additional 430 shares during the period. Quantbot Technologies LP bought a new position in shares of PDF Solutions during the 2nd quarter worth about $33,000. Meeder Asset Management Inc. acquired a new stake in shares of PDF Solutions during the 2nd quarter valued at about $44,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of PDF Solutions during the 2nd quarter valued at about $49,000. 79.51% of the stock is currently owned by institutional investors.

About PDF Solutions

PDF Solutions, Inc provides software, services and engineering solutions that help semiconductor manufacturers improve production processes, product quality and manufacturing yields. Its offerings are designed to collect, integrate and analyze data from semiconductor design, fabrication, assembly and testing operations.

The company’s Exensio platform supports applications such as yield management, manufacturing intelligence, fault detection and classification, process control, test-data analysis and supply-chain visibility.