Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.83 and traded as high as $23.92. PDF Solutions shares last traded at $23.58, with a volume of 239,436 shares trading hands.
Wall Street Analysts Forecast Growth
PDFS has been the subject of a number of analyst reports. Rosenblatt Securities dropped their price target on PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, May 5th. DA Davidson lowered their target price on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th.
Read Our Latest Stock Report on PDF Solutions
PDF Solutions Price Performance
The firm has a market capitalization of $922.92 million, a P/E ratio of 786.26 and a beta of 1.46. The company has a fifty day moving average of $20.51 and a 200 day moving average of $21.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.19 and a quick ratio of 2.19.
Insider Activity
In other news, Director Michael B. Gustafson bought 7,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the acquisition, the director directly owned 30,074 shares in the company, valued at approximately $584,939.30. This trade represents a 33.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.09% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On PDF Solutions
A number of institutional investors and hedge funds have recently bought and sold shares of PDFS. Nuveen LLC purchased a new stake in PDF Solutions in the 1st quarter valued at $2,628,000. Acadian Asset Management LLC raised its position in PDF Solutions by 328.7% in the 1st 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. Herald Investment Management Ltd raised its position in PDF Solutions by 166.7% in the 1st quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company's stock valued at $3,822,000 after buying an additional 125,000 shares during the last quarter. Penn Capital Management Company LLC purchased a new stake in PDF Solutions in the 1st quarter valued at $2,076,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in PDF Solutions by 68.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 250,159 shares of the technology company's stock valued at $4,781,000 after buying an additional 101,587 shares during the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.
PDF Solutions Company Profile
(
Get Free Report)
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.
Further Reading
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