PDF Solutions (NASDAQ:PDFS) Stock Jumps 9.9% – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS) was up 9.9% on Tuesday. The company traded as high as $42.92 and last traded at $42.8210. 144,681 shares changed hands during trading, a decline of 75% from the average session volume of 570,186 shares. The stock had previously closed at $38.97.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PDFS shares. Needham & Company LLC assumed coverage on PDF Solutions in a report on Friday, September 25th. They issued a “buy” rating and a $60.00 price objective on the stock. UBS Group restated a “neutral” rating on shares of PDF Solutions in a research note on Monday, September 21st. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Sanford C. Bernstein initiated coverage on PDF Solutions in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $63.00 price target on shares of PDF Solutions in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.33.

PDF Solutions Price Performance

The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.72 billion, a P/E ratio of 171.82 and a beta of 1.75. The firm has a 50 day moving average price of $46.02 and a 200 day moving average price of $44.53.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The company had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. On average, analysts forecast that PDF Solutions, Inc. will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $44.41, for a total value of $150,727.54. Following the completion of the sale, the chief technology officer directly owned 90,965 shares of the company’s stock, valued at $4,039,755.65. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shuo Zhang sold 1,501 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the sale, the director directly owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CenterBook Partners LP purchased a new position in shares of PDF Solutions in the third quarter valued at about $688,000. Bridge City Capital LLC grew its position in shares of PDF Solutions by 18.8% during the third quarter. Bridge City Capital LLC now owns 90,923 shares of the technology company’s stock worth $4,642,000 after purchasing an additional 14,416 shares in the last quarter. ProShare Advisors LLC grew its position in shares of PDF Solutions by 10.3% during the third quarter. ProShare Advisors LLC now owns 5,259 shares of the technology company’s stock worth $268,000 after purchasing an additional 489 shares in the last quarter. State of Wyoming grew its position in shares of PDF Solutions by 395.4% during the third quarter. State of Wyoming now owns 8,769 shares of the technology company’s stock worth $448,000 after purchasing an additional 6,999 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in PDF Solutions by 993.1% during the 3rd quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,152 shares during the period. 79.51% of the stock is owned by institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc (NASDAQ: PDFS) provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company’s product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.