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

PDF Solutions, Inc. (NASDAQ:PDFS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $32.70 and last traded at $32.66, with a volume of 122238 shares traded. The stock had previously closed at $31.87.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Rosenblatt Securities raised their target price on PDF Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 30th. DA Davidson lifted their price objective on shares of PDF Solutions from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.50.

PDF Solutions Price Performance

The stock’s 50-day moving average is $28.31 and its 200 day moving average is $25.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market capitalization of $1.28 billion, a PE ratio of -3,248.00 and a beta of 1.57.

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

Institutional Trading of PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of PDF Solutions by 40.9% in the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock valued at $365,000 after purchasing an additional 5,540 shares during the last quarter. Amundi increased its stake in PDF Solutions by 117,205.9% in the 1st quarter. Amundi now owns 19,942 shares of the technology company’s stock valued at $381,000 after buying an additional 19,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PDF Solutions by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after buying an additional 753 shares during the last quarter. Jane Street Group LLC raised its position in PDF Solutions by 113.6% during the 1st quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock worth $1,163,000 after buying an additional 32,383 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of PDF Solutions by 328.7% in the first quarter. Acadian Asset Management LLC now owns 169,068 shares of the technology company’s stock valued at $3,221,000 after acquiring an additional 129,629 shares in the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

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.