PDF Solutions (NASDAQ:PDFS) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Shares of PDF Solutions, Inc. (NASDAQ:PDFS) have surpassed their 200-day moving average of $20.44, trading as high as $26.57 recently.
• The stock has received mixed ratings from analysts, with a consensus rating of "Buy" and an average price target of $33.33.
• Institutional investors have significantly increased their holdings in PDF Solutions, with notable raises including 257.1% by Tower Research Capital LLC.

Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.44 and traded as high as $26.57. PDF Solutions shares last traded at $26.14, with a volume of 283,672 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Rosenblatt Securities reiterated a "buy" rating and set a $31.00 price target on shares of PDF Solutions in a report on Tuesday, August 5th. Finally, DA Davidson reiterated a "buy" rating and set a $24.00 price target on shares of PDF Solutions in a report on Tuesday, September 23rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $33.33.

PDF Solutions Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37. The stock's 50 day simple moving average is $21.51 and its two-hundred day simple moving average is $20.44. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 1,307.65 and a beta of 1.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PDFS. Signaturefd LLC raised its holdings in shares of PDF Solutions by 124.1% in the first quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock valued at $27,000 after buying an additional 787 shares during the last quarter. CWM LLC raised its holdings in PDF Solutions by 94.4% during the 2nd quarter. CWM LLC now owns 1,835 shares of the technology company's stock worth $39,000 after purchasing an additional 891 shares during the last quarter. GAMMA Investing LLC raised its holdings in PDF Solutions by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after purchasing an additional 931 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in PDF Solutions by 257.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company's stock worth $73,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Strs Ohio bought a new stake in PDF Solutions during the 1st quarter worth about $105,000. 79.51% of the stock is owned by institutional investors.

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.

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