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

Key Points

• PDF Solutions shares rose 2.6%, opening at $50.18 versus the prior close of $47.63 and last trading near $50.30.
• Analyst sentiment is mixed: Bernstein initiated coverage with an “outperform” rating and a $65 target, while other firms maintained buy ratings; MarketBeat reports a consensus “hold” rating and average target of $58.50.
• The company’s latest quarterly results met expectations, with adjusted earnings of $0.27 per share and revenue of $61.53 million, slightly above forecasts. Institutional investors own approximately 79.5% of the stock.

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $47.63, but opened at $50.18. PDF Solutions shares last traded at $50.30, with a volume of 67,724 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research report on Tuesday. They issued an "outperform" rating and a $65.00 price objective for the company. DA Davidson reiterated a "buy" rating and set a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Rosenblatt Securities reissued a "buy" rating and set a $63.00 price target on shares of PDF Solutions in a research note on Friday. Wall Street Zen lowered shares of PDF Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of PDF Solutions in a research report on Friday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, PDF Solutions has a consensus rating of "Hold" and an average price target of $58.50.

PDF Solutions Stock Up 2.6%

The business's fifty day simple moving average is $55.87 and its 200 day simple moving average is $44.13. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 195.58 and a beta of 1.67. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $61.17 million. Equities analysts forecast that PDF Solutions, Inc. will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in 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 acquiring an additional 615 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of PDF Solutions during the second quarter worth $44,000. Bell Investment Advisors Inc bought a new position in shares of PDF Solutions during the second quarter worth $49,000. Tower Research Capital LLC TRC grew its holdings in shares of PDF Solutions by 257.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company's stock valued at $73,000 after buying an additional 2,442 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of PDF Solutions in the 4th quarter valued at $82,000. 79.51% of the stock is owned by institutional investors.

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.

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