PDF Solutions (NASDAQ:PDFS) Shares Gap Down - What's Next?

Key Points

• PDF Solutions' stock price dropped significantly, opening at $21.05 after closing at $22.18, with the last trade recorded at $18.87.
• DA Davidson has initiated coverage with a "neutral" rating and a target of $24.00, while other analysts have varying ratings from "buy" to "hold".
• Insider activity shows strong confidence, with Director Michael B. Gustafson purchasing 7,500 shares at an average price of $19.45, increasing his ownership significantly.

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $22.18, but opened at $21.05. PDF Solutions shares last traded at $18.87, with a volume of 165,269 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. DA Davidson lowered PDF Solutions from a "strong-buy" rating to a "hold" rating and set a $24.00 target price for the company. in a research note on Friday. Rosenblatt Securities restated a "buy" rating and issued a $31.00 target price on shares of PDF Solutions in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.

PDF Solutions Stock Performance

The stock has a 50-day moving average of $21.73 and a 200 day moving average of $21.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $783.44 million, a price-to-earnings ratio of 988.24 and a beta of 1.40.

Institutional Trading of PDF Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in PDF Solutions by 100.8% in the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after purchasing an additional 931 shares during the period. New York State Common Retirement Fund boosted its holdings in PDF Solutions by 206.0% during the first quarter. New York State Common Retirement Fund now owns 27,111 shares of the technology company's stock worth $518,000 after buying an additional 18,250 shares during the last quarter. Bank of America Corp DE boosted its holdings in PDF Solutions by 50.7% during the fourth quarter. Bank of America Corp DE now owns 90,851 shares of the technology company's stock worth $2,460,000 after buying an additional 30,548 shares during the last quarter. SG Americas Securities LLC boosted its holdings in PDF Solutions by 391.4% during the first quarter. SG Americas Securities LLC now owns 20,287 shares of the technology company's stock worth $388,000 after buying an additional 16,159 shares during the last quarter. Finally, Legato Capital Management LLC bought a new position in PDF Solutions during the first quarter worth about $361,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.