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

Key Points

• PDF Solutions shares rose above their 200-day moving average, reaching $53.77 and last trading at $53.17 versus a 200-day average of $48.53.
• Analyst sentiment is generally positive, with six Buy ratings and three Holds producing a “Moderate Buy” consensus; the average price target is $54, while several firms set targets between $60 and $63.
• The company met quarterly EPS expectations at $0.27 and slightly exceeded revenue estimates, while insiders recently sold shares and institutional investors own a substantial 79.51% stake.

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 $48.53 and traded as high as $53.77. PDF Solutions shares last traded at $53.17, with a volume of 429,136 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on PDF Solutions in a report on Friday, September 25th. They issued a "buy" rating and a $60.00 target price for the company. Rosenblatt Securities reiterated a "buy" rating and set a $63.00 price target on shares of PDF Solutions in a report on Friday, August 7th. Morgan Stanley initiated coverage on PDF Solutions in a research report on Tuesday, September 8th. They issued an "overweight" rating and a $62.00 price objective on the stock. Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.00.

PDF Solutions Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45. The company has a market cap of $2.12 billion, a PE ratio of 212.68 and a beta of 1.66. The company's 50 day moving average price is $47.56 and its 200-day moving average price is $48.53.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The business had revenue of $61.53 million for the quarter, compared to the consensus estimate of $61.17 million. Equities research analysts anticipate that PDF Solutions, Inc. will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction on 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 approximately $4,039,755.65. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value 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. This trade 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 corporate insiders.

Hedge Funds Weigh In On PDF Solutions

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

PDF Solutions Company Profile

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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