PDF Solutions (NASDAQ:PDFS) Stock Falls 7.4% – Time to Sell?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) traded down 7.4% during trading on Friday. The stock traded as low as $37.40 and last traded at $37.6240. 331,019 shares changed hands during trading, a decline of 43% from the average daily volume of 577,063 shares. The stock had previously closed at $40.64.

Analyst Upgrades and Downgrades

PDFS has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating on shares of PDF Solutions in a research report on Monday, September 21st. Royal Bank Of Canada lowered shares of PDF Solutions to an “outperform” rating in a research report on Tuesday, September 8th. Needham & Company LLC assumed coverage on PDF Solutions in a research note on Friday, September 25th. They set a “buy” rating and a $60.00 price objective on the stock. DA Davidson decreased their price objective on PDF Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, PDF Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $58.17.

PDF Solutions Stock Down 8.0%

The firm has a market cap of $1.58 billion, a PE ratio of 98.41 and a beta of 1.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.29 and a current ratio of 3.29. The company’s 50-day simple moving average is $45.30 and its two-hundred day simple moving average is $44.72.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $68.33 million during the quarter, compared to the consensus estimate of $67.48 million. PDF Solutions had a net margin of 6.28% and a return on equity of 8.12%. On average, analysts predict that PDF Solutions, Inc. will post 0.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions 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 sale, the chief technology officer owned 90,965 shares in the company, valued at $4,039,755.65. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of PDF Solutions during the second quarter valued at about $392,908,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in PDF Solutions by 5.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,389,428 shares of the technology company’s stock worth $70,930,000 after buying an additional 69,801 shares during the period. Wasatch Advisors LP lifted its holdings in PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock worth $97,743,000 after buying an additional 873,002 shares during the period. Ranger Investment Management L.P. lifted its holdings in PDF Solutions by 9.4% in the first quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock worth $41,857,000 after buying an additional 109,616 shares during the period. Finally, Janus Henderson Group PLC boosted its position in PDF Solutions by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock valued at $33,877,000 after acquiring an additional 123,531 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 provides software, connectivity products and services for the semiconductor and electronics industries. Its offerings help manufacturers collect and analyze production data, monitor processes and identify opportunities to improve yield, quality and operational efficiency. The company’s Exensio platform supports analytics across semiconductor design and manufacturing, while its Cimetrix products provide software for connecting and controlling manufacturing equipment. PDF Solutions also offers engineering and consulting services to help customers implement its technologies and address manufacturing challenges.