PDF Solutions (NASDAQ:PDFS) Stock Passes Above 200-Day Moving Average - Here's Why

Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.05 and traded as high as $23.02. PDF Solutions shares last traded at $22.35, with a volume of 433,463 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PDFS. Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. DA Davidson decreased their price target 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, Rosenblatt Securities decreased 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.

PDF Solutions Trading Down 0.8%

The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $20.02 and a 200 day moving average of $22.03. The company has a market cap of $920.18 million, a P/E ratio of 783.93 and a beta of 1.46.

Insider Activity at PDF Solutions

In other PDF Solutions 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 price of $19.45 per share, for a total transaction of $145,875.00. Following the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings 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 acquiring an additional 30,548 shares in the last quarter. GAMMA Investing LLC grew its holdings in PDF Solutions by 3,736.5% during the first quarter. GAMMA Investing LLC now owns 35,449 shares of the technology company's stock valued at $677,000 after purchasing an additional 34,525 shares during the period. SG Americas Securities LLC grew its holdings in 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 purchasing an additional 16,159 shares during the period. William Blair Investment Management LLC grew its holdings in PDF Solutions by 17.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock valued at $28,802,000 after purchasing an additional 161,306 shares during the period. Finally, Bridge City Capital LLC purchased a new position in shares of PDF Solutions in the first quarter valued at $1,527,000. Institutional investors own 79.51% of the company's stock.

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.