PDF Solutions (NASDAQ:PDFS) Shares Gap Up - Here's What Happened

Key Points

• PDF Solutions shares opened at $24.07, up from a previous close of $22.54, and last traded at $25.49 with a trading volume of 152,266 shares.
• Analysts show mixed ratings with DA Davidson maintaining a "buy" at a $24.00 target, while Wall Street Zen downgraded to a "hold," and Rosenblatt Securities set a more optimistic target of $31.00.
• Institutional investors significantly increased their stakes in PDF Solutions, with firms like Acadian Asset Management boosting their positions by 328.7% in the first quarter.

Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $22.54, but opened at $24.07. PDF Solutions shares last traded at $25.49, with a volume of 152,266 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. DA Davidson restated a "buy" rating and set a $24.00 price target on shares of PDF Solutions in a report on Tuesday. Wall Street Zen downgraded shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $31.00 target price on shares of PDF Solutions in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $33.33.

PDF Solutions Stock Up 14.3%

The company has a market capitalization of $1.02 billion, a PE ratio of 1,283.39 and a beta of 1.51. 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 company has a 50-day moving average of $21.13 and a two-hundred day moving average of $20.17.

Hedge Funds Weigh In On PDF Solutions

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after acquiring an additional 931 shares during the last quarter. New York State Common Retirement Fund increased its stake 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 acquiring an additional 18,250 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of PDF Solutions by 328.7% during the first quarter. Acadian Asset Management LLC now owns 169,068 shares of the technology company's stock valued at $3,221,000 after buying an additional 129,629 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 valued at $2,460,000 after buying an additional 30,548 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of PDF Solutions by 391.4% during the first quarter. SG Americas Securities LLC now owns 20,287 shares of the technology company's stock valued at $388,000 after buying an additional 16,159 shares during 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 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.

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