Key Points
- Director Shuo Zhang sold 1,501 PDF Solutions shares for approximately $77,256 at an average price of $51.47, reducing his direct holdings by 6.03% to 23,380 shares.
- PDF Solutions met quarterly earnings expectations with $0.27 EPS and reported revenue of $61.53 million, slightly above analyst estimates. Institutional investors own approximately 79.51% of the company.
- Analyst sentiment is mixed: the stock has an average Hold rating and a $58.50 price target, while some firms remain bullish and other analysts caution that the recent rally may have left the shares overvalued.
PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the sale, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
PDF Solutions Stock Performance
NASDAQ PDFS opened at $51.77 on Thursday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 207.08 and a beta of 1.67. The business's 50 day moving average is $55.67 and its two-hundred day moving average is $44.34. PDF Solutions, Inc. has a 12-month low of $18.56 and a 12-month high of $71.68. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17.
PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The business had revenue of $61.53 million during the quarter, compared to analysts' expectations of $61.17 million. Research analysts expect that PDF Solutions, Inc. will post 0.69 EPS for the current year.
Institutional Trading of PDF Solutions
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDFS. BlackRock Inc. purchased a new position in PDF Solutions in the 2nd quarter valued at about $392,908,000. Wasatch Advisors LP grew its stake in PDF Solutions by 171.9% in the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company's stock worth $97,743,000 after acquiring an additional 873,002 shares during the period. William Blair Investment Management LLC lifted its stake in shares of PDF Solutions by 0.7% during 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 purchasing an additional 9,040 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of PDF Solutions during the second quarter worth $93,416,000. Finally, Ranger Investment Management L.P. grew its position in shares of 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 valued at $41,857,000 after purchasing an additional 109,616 shares during the period. Hedge funds and other institutional investors own 79.51% of the company's stock.
More PDF Solutions News
Here are the key news stories impacting PDF Solutions this week:
- Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” rating and a $65 price target, implying approximately 25.6% upside from the referenced share price. The new coverage adds institutional support to the bullish case for PDF Solutions. Sanford C. Bernstein coverage
- Positive Sentiment: Zacks highlighted PDF Solutions as a growth stock that investors should not overlook, citing above-average financial growth and the company’s potential to outperform the broader market. Zacks growth analysis
- Positive Sentiment: Rosenblatt Securities also issued a Buy rating, reinforcing the favorable analyst view of PDF Solutions’ growth prospects. Rosenblatt Buy rating
- Neutral Sentiment: Reported short interest was listed at zero shares, with a zero-day days-to-cover ratio. Because the figures appear inconsistent, they provide little useful information about current bearish positioning.
- Negative Sentiment: A Seeking Alpha analysis warned that PDF Solutions’ recent bounce could fade, raising concerns about momentum and the sustainability of the rally. Seeking Alpha valuation analysis
- Negative Sentiment: GuruFocus characterized PDF Solutions as potentially overvalued after its recent rally. This concern is notable given the company’s elevated price-to-earnings ratio and could make the stock vulnerable to profit-taking. GuruFocus valuation analysis
- Negative Sentiment: Director Shuo Zhang sold 1,501 shares for approximately $77,256, reducing the size of his direct holdings by 6.03%. While the sale does not establish a fundamental problem, insider selling can weigh on sentiment.
Analyst Ratings Changes
PDFS has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a "sell (d+)" rating on shares of PDF Solutions in a research note on Friday, August 7th. DA Davidson reissued a "buy" rating and set a $56.00 price objective on shares of PDF Solutions in a report on Monday, May 18th. Rosenblatt Securities restated a "buy" rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Finally, Wells Fargo & Company began coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an "equal weight" rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $58.50.
Read Our Latest Report on PDFS
About PDF Solutions
(
Get Free Report)
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.
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