PDF Solutions (NASDAQ:PDFS) Sets New 12-Month High – Time to Buy?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $31.84 and last traded at $31.8850, with a volume of 6164 shares traded. The stock had previously closed at $31.01.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PDFS. DA Davidson increased their target price on shares of PDF Solutions from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a research report on Monday. Finally, Rosenblatt Securities raised their target price on shares of PDF Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.00.

PDF Solutions Stock Down 0.4%

The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $27.17 and its 200 day moving average price is $23.30. The firm has a market cap of $1.24 billion, a P/E ratio of -3,156.00 and a beta of 1.56.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $57.12 million for the quarter, compared to the consensus estimate of $56.69 million. PDF Solutions had a negative net margin of 0.03% and a positive return on equity of 4.28%. As a group, research analysts expect that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC grew its holdings in PDF Solutions by 595.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock worth $11,665,000 after buying an additional 386,788 shares in the last quarter. Cannell Capital LLC bought a new stake in PDF Solutions during the 3rd quarter valued at $8,709,000. Roubaix Capital LLC bought a new position in shares of PDF Solutions in the third quarter worth $5,328,000. Squarepoint Ops LLC grew its stake in shares of PDF Solutions by 378.6% in the third quarter. Squarepoint Ops LLC now owns 254,511 shares of the technology company’s stock worth $6,571,000 after purchasing an additional 201,337 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its holdings in shares of PDF Solutions by 19.2% during the second quarter. Ranger Investment Management L.P. now owns 1,045,545 shares of the technology company’s stock valued at $22,354,000 after purchasing an additional 168,450 shares during the period. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.