PDF Solutions (NASDAQ:PDFS) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• PDF Solutions shares rose 2.8% and traded above their 200-day moving average of $44.38, reaching $46.09 before closing at $45.49.
• Analyst sentiment remains favorable overall, with six Buy and three Hold ratings producing a “Moderate Buy” consensus and an average price target of $61.33.
• The company met quarterly EPS expectations at $0.27 and slightly exceeded revenue estimates, while institutional investors own 79.51% of the stock; however, insiders recently sold shares and the stock carries a high P/E ratio of 181.96.

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $44.38 and traded as high as $46.09. PDF Solutions shares last traded at $45.49, with a volume of 624,946 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on PDFS. Weiss Ratings upgraded shares of PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Sanford C. Bernstein assumed coverage on shares of PDF Solutions in a report on Tuesday, August 11th. They issued an "outperform" rating and a $65.00 price target on the stock. Morgan Stanley started coverage on shares of PDF Solutions in a research note on Tuesday, September 8th. They issued an "overweight" rating and a $62.00 price target on the stock. Finally, UBS Group reissued a "neutral" rating on shares of PDF Solutions in a report on Monday, September 21st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.33.

PDF Solutions Stock Up 2.8%

The business's 50 day simple moving average is $46.22 and its 200 day simple moving average is $44.38. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.82 billion, a PE ratio of 181.96 and a beta of 1.66.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. The company had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. On average, equities research analysts forecast that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.

Insider Activity at PDF Solutions

In other news, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the completion of the transaction, the chief technology officer owned 90,965 shares in the company, valued at approximately $4,039,755.65. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shuo Zhang sold 1,501 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the transaction, the director directly owned 23,380 shares in the company, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of PDF Solutions during the 2nd quarter valued at approximately $392,908,000. Wasatch Advisors LP boosted its holdings in PDF Solutions by 171.9% during the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company's stock worth $97,743,000 after buying an additional 873,002 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in PDF Solutions during the second quarter worth $93,416,000. Ranger Investment Management L.P. acquired a new stake in PDF Solutions during the second quarter valued at $81,384,000. Finally, Jupiter Topco LLC purchased a new position in PDF Solutions in the second quarter valued at $65,677,000. Institutional investors own 79.51% of the company's stock.

About PDF Solutions

PDF Solutions, Inc NASDAQ: PDFS provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company's product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.

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