PDF Solutions (NASDAQ:PDFS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.30 and traded as high as $32.95. PDF Solutions shares last traded at $31.77, with a volume of 251,970 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PDFS. Weiss Ratings reiterated a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. DA Davidson upped their price target on PDF Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $34.00 price objective on shares of PDF Solutions in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

PDF Solutions Trading Down 0.6%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.28 and a current ratio of 2.28. The company has a 50-day moving average price of $32.64 and a 200-day moving average price of $28.30. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -1,588.50 and a beta of 1.55.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. PDF Solutions had a positive return on equity of 4.86% and a negative net margin of 0.29%.The firm had revenue of $62.40 million for the quarter, compared to the consensus estimate of $61.95 million. As a group, research analysts forecast that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its holdings in PDF Solutions by 26.6% during the 4th quarter. Invesco Ltd. now owns 136,138 shares of the technology company’s stock valued at $3,884,000 after buying an additional 28,615 shares during the last quarter. Pillsbury Lake Capital LLC acquired a new stake in shares of PDF Solutions during the 4th quarter worth about $10,729,000. Susquehanna Fundamental Investments LLC grew its holdings in shares of PDF Solutions by 2.6% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 32,230 shares of the technology company’s stock worth $920,000 after buying an additional 809 shares in the last quarter. Ophir Asset Management Pty Ltd acquired a new position in PDF Solutions in the 4th quarter valued at $20,631,000. Finally, Janus Henderson Group PLC lifted its position in PDF Solutions by 16.4% during the fourth quarter. Janus Henderson Group PLC now owns 912,135 shares of the technology company’s stock worth $26,023,000 after buying an additional 128,270 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

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.