PDF Solutions (NASDAQ:PDFS) Stock Price Down 11% - Here's What Happened

Key Points

• PDF Solutions shares fell about 11% to roughly $47, with trading volume significantly below average.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a consensus price target of $63, with recent targets ranging from $50 to $74.
• The company’s latest results met earnings expectations, reporting quarterly EPS of $0.27 and revenue of $61.53 million, slightly above estimates.

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s share price dropped 11% on Tuesday . The stock traded as low as $48.06 and last traded at $47.0010. Approximately 58,866 shares traded hands during trading, a decline of 89% from the average daily volume of 549,633 shares. The stock had previously closed at $52.80.

Analyst Ratings Changes

Several brokerages recently issued reports on PDFS. Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Wells Fargo & Company started coverage on PDF Solutions in a report on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and set a $63.00 price target on shares of PDF Solutions in a research report on Friday, August 7th. DA Davidson set a $74.00 price target on PDF Solutions in a research note on Monday. Finally, Sanford C. Bernstein began coverage on PDF Solutions in a report on Tuesday, August 11th. They issued an "outperform" rating and a $65.00 price objective for the company. 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. Based on data from MarketBeat, PDF Solutions currently has an average rating of "Hold" and an average target price of $63.00.

PDF Solutions Stock Down 9.9%

The company has a market cap of $1.90 billion, a P/E ratio of 189.60 and a beta of 1.67. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $55.47 and its 200 day moving average is $44.71.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The business had revenue of $61.53 million for the quarter, compared to analysts' expectations of $61.17 million. As a group, equities analysts anticipate that PDF Solutions, Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at PDF Solutions

In related news, Director Shuo Zhang sold 1,501 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the sale, the director owned 23,380 shares of the company's stock, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.08% of the stock is owned by company insiders.

Institutional Trading of PDF Solutions

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of PDF Solutions by 40.9% in the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company's stock worth $365,000 after buying an additional 5,540 shares during the last quarter. Amundi boosted its stake in PDF Solutions by 117,205.9% in the first quarter. Amundi now owns 19,942 shares of the technology company's stock valued at $381,000 after acquiring an additional 19,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PDF Solutions by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company's stock valued at $353,000 after acquiring an additional 753 shares in the last quarter. Jane Street Group LLC grew its holdings in PDF Solutions by 113.6% in the first quarter. Jane Street Group LLC now owns 60,883 shares of the technology company's stock worth $1,163,000 after purchasing an additional 32,383 shares during the last quarter. Finally, Strs Ohio purchased a new position in PDF Solutions in the first quarter worth $105,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Company Profile

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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