PDF Solutions (NASDAQ:PDFS) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

PDF Solutions (NASDAQ:PDFS) issued its quarterly earnings results on Thursday. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06, FiscalAI reports. PDF Solutions had a positive return on equity of 4.28% and a negative net margin of 0.03%.The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $61.95 million.

PDF Solutions Trading Down 1.5%

PDFS traded down $0.48 during mid-day trading on Thursday, reaching $32.04. The stock had a trading volume of 372,798 shares, compared to its average volume of 314,138. The firm’s fifty day simple moving average is $31.09 and its two-hundred day simple moving average is $26.51. The stock has a market capitalization of $1.27 billion, a P/E ratio of -3,204.00 and a beta of 1.55. PDF Solutions has a 52 week low of $15.91 and a 52 week high of $36.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 2.21.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PDFS shares. Rosenblatt Securities restated a “buy” rating and set a $34.00 price target on shares of PDF Solutions in a research note on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a report on Monday, December 29th. Finally, DA Davidson restated a “buy” rating and issued a $36.00 price target on shares of PDF Solutions in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of PDF Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDFS. Wasatch Advisors LP lifted its position in PDF Solutions by 3.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,191,373 shares of the technology company’s stock valued at $25,472,000 after purchasing an additional 41,977 shares during the period. Snyder Capital Management L P raised its stake in shares of PDF Solutions by 19.4% during the fourth quarter. Snyder Capital Management L P now owns 955,435 shares of the technology company’s stock worth $27,259,000 after buying an additional 155,078 shares during the last quarter. Geode Capital Management LLC lifted its holdings in PDF Solutions by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 770,152 shares of the technology company’s stock valued at $21,977,000 after buying an additional 4,437 shares during the period. Loomis Sayles & Co. L P boosted its stake in PDF Solutions by 28.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 465,182 shares of the technology company’s stock valued at $13,272,000 after acquiring an additional 101,999 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in PDF Solutions by 15.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 395,110 shares of the technology company’s stock worth $10,202,000 after acquiring an additional 53,883 shares during the period. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.