PDF Solutions (NASDAQ:PDFS) Shares Gap Up – Still a Buy?

PDF Solutions, Inc. (NASDAQ:PDFS) gapped up prior to trading on Thursday . The stock had previously closed at $52.42, but opened at $56.09. PDF Solutions shares last traded at $56.7230, with a volume of 53,205 shares.

Analysts Set New Price Targets

PDFS has been the topic of several research analyst reports. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. DA Davidson reiterated a “buy” rating and set a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Rosenblatt Securities lifted their price target on shares of PDF Solutions from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings raised shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.50.

PDF Solutions Stock Down 0.7%

The business has a fifty day simple moving average of $55.01 and a 200 day simple moving average of $41.34. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 308.46 and a beta of 1.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.34 and a quick ratio of 2.34.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%.The business had revenue of $60.13 million for the quarter, compared to the consensus estimate of $59.71 million. As a group, equities analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position 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 valued at $97,743,000 after buying an additional 873,002 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in PDF Solutions by 37.9% during the second quarter. Central Pacific Bank Trust Division now owns 12,671 shares of the technology company’s stock worth $897,000 after acquiring an additional 3,483 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in PDF Solutions during the first quarter worth about $985,000. Bank of America Corp DE grew its stake in PDF Solutions by 7.4% during the 1st quarter. Bank of America Corp DE now owns 85,776 shares of the technology company’s stock valued at $2,806,000 after acquiring an additional 5,903 shares in the last quarter. Finally, Janus Henderson Group PLC grew 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 valued at $33,877,000 after acquiring an additional 123,531 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.