PDF Solutions (NASDAQ:PDFS) Share Price Crosses Above 200 Day Moving Average - Here's Why

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s stock price crossed 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 traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PDFS. Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. DA Davidson decreased their target price on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Rosenblatt Securities cut their target price on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, May 5th.

PDF Solutions Trading Down 0.7%

The firm has a market cap of $928.40 million, a PE ratio of 790.93 and a beta of 1.46. The stock's fifty day simple moving average is $20.51 and its two-hundred day simple moving average is $21.76. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.27.

Insiders Place Their Bets

In other news, Director Michael B. Gustafson purchased 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 owned 30,074 shares of the company's stock, valued at approximately $584,939.30. This trade represents a 33.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PDFS. GAMMA Investing LLC raised its holdings in shares of PDF Solutions by 100.8% in the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock valued at $35,000 after buying an additional 931 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of PDF Solutions by 50.7% in 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 purchasing an additional 30,548 shares in the last quarter. SG Americas Securities LLC boosted 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 acquiring an additional 16,159 shares during the last quarter. Bridge City Capital LLC purchased a new position in shares of PDF Solutions during the 1st quarter worth $1,527,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of PDF Solutions in the fourth quarter worth approximately $2,482,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

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.