PDF Solutions (NASDAQ:PDFS) Reaches New 1-Year High – Still a Buy?

PDF Solutions, Inc. (NASDAQ:PDFS) shares hit a new 52-week high on Monday . The stock traded as high as $68.16 and last traded at $65.1030, with a volume of 32085 shares changing hands. The stock had previously closed at $65.36.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PDFS. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. DA Davidson reissued a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a research note on Monday, May 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $52.00 price target on shares of PDF Solutions in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $54.00.

PDF Solutions Stock Performance

The company has a 50-day simple moving average of $49.30 and a two-hundred day simple moving average of $38.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $2.57 billion, a P/E ratio of 357.55 and a beta of 1.71.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $60.13 million during the quarter, compared to analyst estimates of $59.71 million. As a group, equities analysts forecast that PDF Solutions, Inc. will post 0.67 EPS for the current year.

Hedge Funds Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its position in shares of PDF Solutions by 0.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company’s stock worth $38,757,000 after buying an additional 9,040 shares during the period. Ranger Investment Management L.P. lifted 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 acquiring an additional 109,616 shares during the period. Wasatch Advisors LP boosted its stake in PDF Solutions by 3.7% during the second quarter. Wasatch Advisors LP now owns 1,191,373 shares of the technology company’s stock worth $25,472,000 after acquiring an additional 41,977 shares in the last quarter. State Street Corp boosted its stake in PDF Solutions by 0.5% during the fourth quarter. State Street Corp now owns 1,151,576 shares of the technology company’s stock worth $32,854,000 after acquiring an additional 5,619 shares in the last quarter. Finally, Samjo Management LLC grew its holdings in PDF Solutions by 2.7% in the fourth quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company’s stock worth $32,839,000 after purchasing an additional 30,300 shares during the period. Hedge funds and other institutional investors 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.