PDF Solutions (NASDAQ:PDFS) Shares Down 7.3% - What's Next?

Key Points

• PDF Solutions shares fell 7.3% to about $48.86, with trading volume down 84% from the average session. The stock has a market capitalization of approximately $1.89 billion.
• Analyst sentiment remains generally positive, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $54.00. Targets range from $24.00 at DA Davidson to $65.00 at Sanford C. Bernstein.
• The company met quarterly earnings expectations at $0.27 per share and slightly exceeded revenue estimates with $61.53 million. Institutional investors own 79.51% of the stock, while insiders recently reported share sales.

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s share price traded down 7.3% during trading on Tuesday. The company traded as low as $49.61 and last traded at $48.8570. 88,888 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 561,516 shares. The stock had previously closed at $52.69.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on PDF Solutions in a research report on Tuesday, August 11th. They set an "outperform" rating and a $65.00 target price on the stock. UBS Group reissued a "neutral" rating on shares of PDF Solutions in a research report on Monday, September 21st. Wells Fargo & Company began coverage on PDF Solutions in a research report on Tuesday, August 4th. They set an "equal weight" rating and a $50.00 price target on the stock. 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. Finally, DA Davidson set a $24.00 price target on PDF Solutions in a research note on Monday, September 21st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, PDF Solutions currently has an average rating of "Moderate Buy" and an average target price of $54.00.

PDF Solutions Trading Down 9.9%

The firm has a market capitalization of $1.89 billion, a PE ratio of 190.02 and a beta of 1.66. 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 50 day simple moving average of $47.94 and a 200 day simple moving average of $48.94.

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

Insider Buying and Selling

In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the sale, the director owned 23,380 shares in the company, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Andrzej Strojwas sold 3,394 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the transaction, the chief technology officer owned 90,965 shares in the company, valued at $4,039,755.65. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PDF Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in PDF Solutions in the 2nd quarter valued at about $5,733,000. Deutsche Bank AG purchased a new stake in shares of PDF Solutions during the second quarter worth approximately $9,382,000. Pillsbury Lake Capital LLC acquired a new stake in PDF Solutions in the second quarter valued at $8,342,885. Sei Investments Co. grew its holdings in shares of PDF Solutions by 114.2% during the first quarter. Sei Investments Co. now owns 90,393 shares of the technology company's stock worth $2,957,000 after purchasing an additional 48,184 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in PDF Solutions by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company's stock worth $33,877,000 after purchasing an additional 123,531 shares during the period. Institutional investors own 79.51% of the company's stock.

About PDF Solutions

PDF Solutions, Inc provides software, services and engineering solutions that help semiconductor manufacturers improve production processes, product quality and manufacturing yields. Its offerings are designed to collect, integrate and analyze data from semiconductor design, fabrication, assembly and testing operations.

The company's Exensio platform supports applications such as yield management, manufacturing intelligence, fault detection and classification, process control, test-data analysis and supply-chain visibility.

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