PDF Solutions (NASDAQ:PDFS) Sets New 52-Week High – Here’s Why
by Danessa Lincoln · The Markets DailyPDF Solutions, Inc. (NASDAQ:PDFS – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $67.24 and last traded at $65.7140, with a volume of 3398 shares. The stock had previously closed at $64.14.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on PDFS shares. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson reaffirmed a “buy” rating and issued a $56.00 price objective on shares of PDF Solutions in a research note on Monday, May 18th. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $52.00 price target on shares of PDF Solutions in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, PDF Solutions presently has a consensus rating of “Hold” and a consensus price target of $54.00.
Read Our Latest Stock Analysis on PDFS
PDF Solutions Trading Up 2.1%
The firm has a market capitalization of $2.61 billion, a PE ratio of 365.30 and a beta of 1.71. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $46.43 and its 200 day simple moving average is $36.81.
PDF Solutions (NASDAQ:PDFS – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. The firm had revenue of $60.13 million for the quarter, compared to the consensus estimate of $59.71 million. As a group, sell-side analysts expect that PDF Solutions, Inc. will post 0.67 EPS for the current year.
Hedge Funds Weigh In On PDF Solutions
A number of large investors have recently made changes to their positions in the business. Arete Wealth Advisors LLC purchased a new stake in shares of PDF Solutions during the 1st quarter valued at $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 worth $2,806,000 after buying an additional 5,903 shares during the last quarter. Janus Henderson Group PLC increased its position 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 buying an additional 123,531 shares in the last quarter. Ranger Investment Management L.P. increased its position in PDF Solutions by 9.4% during the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock valued at $41,857,000 after buying an additional 109,616 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in PDF Solutions by 44.9% in the first quarter. The Manufacturers Life Insurance Company now owns 14,197 shares of the technology company’s stock valued at $464,000 after buying an additional 4,398 shares during the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.
PDF Solutions Company Profile
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.