PDF Solutions (NASDAQ:PDFS) Shares Climb 9.9% - Here's Why

Key Points

• PDF Solutions shares jumped 9.9% to about $42.82 in midday trading, although trading volume was roughly 75% below the average.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $61.33, indicating potential upside from the current share price.
• The company’s latest quarterly results matched EPS expectations at $0.27 and slightly exceeded revenue estimates, while institutional investors own 79.51% of outstanding shares.

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) shares were up 9.9% during mid-day trading on Tuesday. The stock traded as high as $42.92 and last traded at $42.8210. Approximately 144,681 shares changed hands during trading, a decline of 75% from the average daily volume of 570,186 shares. The stock had previously closed at $38.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 21st. Royal Bank Of Canada lowered shares of PDF Solutions to an "outperform" rating in a research note on Tuesday, September 8th. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Rosenblatt Securities reissued a "buy" rating and issued a $63.00 price target on shares of PDF Solutions in a research note on Friday, August 7th. Finally, DA Davidson lowered their price objective on shares of PDF Solutions from $74.00 to $68.00 and set a "buy" rating for the company in a report on Monday, October 19th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, PDF Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.33.

PDF Solutions Price Performance

The firm has a market cap of $1.72 billion, a PE ratio of 171.82 and a beta of 1.75. The firm's fifty day simple moving average is $46.02 and its two-hundred day simple moving average is $44.53. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling

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

Institutional Trading of PDF Solutions

A number of hedge funds have recently bought and sold shares of PDFS. Legal & General Group Plc bought a new position in shares of PDF Solutions during the 2nd quarter worth approximately $5,733,000. Deutsche Bank AG acquired a new position in shares of PDF Solutions during the 2nd quarter worth approximately $9,382,000. Pillsbury Lake Capital LLC bought a new stake in PDF Solutions in the 2nd quarter valued at $8,342,885. Sei Investments Co. raised its stake in PDF Solutions by 114.2% in the 1st quarter. Sei Investments Co. now owns 90,393 shares of the technology company's stock valued at $2,957,000 after acquiring an additional 48,184 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of PDF Solutions by 13.5% in the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company's stock valued at $33,877,000 after purchasing an additional 123,531 shares during the period. Institutional investors and hedge funds own 79.51% of the company's stock.

PDF Solutions Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.