PDF Solutions (NASDAQ:PDFS) Shares Cross Above Two Hundred Day Moving Average of $32.80

PDF Solutions, Inc. (NASDAQ:PDFSGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.80 and traded as high as $35.21. PDF Solutions shares last traded at $35.02, with a volume of 113,600 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on PDFS shares. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price target on shares of PDF Solutions in a research report on Friday, May 10th. DA Davidson boosted their target price on shares of PDF Solutions from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th.

Check Out Our Latest Report on PDF Solutions

PDF Solutions Stock Performance

The company has a market cap of $1.36 billion, a PE ratio of 710.20 and a beta of 1.51. The company has a 50 day simple moving average of $33.33 and a two-hundred day simple moving average of $32.83.

PDF Solutions (NASDAQ:PDFSGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.14). The company had revenue of $41.31 million for the quarter, compared to analyst estimates of $41.20 million. PDF Solutions had a return on equity of 4.83% and a net margin of 1.42%. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, analysts expect that PDF Solutions, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Shuo Zhang sold 5,500 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $34.66, for a total transaction of $190,630.00. Following the completion of the sale, the director now directly owns 10,381 shares in the company, valued at $359,805.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Shuo Zhang sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $34.66, for a total value of $190,630.00. Following the completion of the sale, the director now owns 10,381 shares of the company’s stock, valued at approximately $359,805.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Adnan Raza sold 1,343 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.52, for a total transaction of $46,360.36. Following the transaction, the chief financial officer now directly owns 74,369 shares in the company, valued at approximately $2,567,217.88. The disclosure for this sale can be found here. Insiders have sold a total of 16,490 shares of company stock worth $564,506 in the last ninety days. Corporate insiders own 11.21% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in PDF Solutions by 76.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 517,479 shares of the technology company’s stock worth $16,632,000 after purchasing an additional 223,376 shares during the period. AMI Asset Management Corp boosted its holdings in shares of PDF Solutions by 49.9% during the 4th quarter. AMI Asset Management Corp now owns 108,998 shares of the technology company’s stock worth $3,503,000 after buying an additional 36,285 shares during the period. Wasatch Advisors LP boosted its holdings in shares of PDF Solutions by 12.4% during the 4th quarter. Wasatch Advisors LP now owns 1,287,236 shares of the technology company’s stock worth $41,372,000 after buying an additional 141,752 shares during the period. Vanguard Group Inc. grew its stake in PDF Solutions by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,929,228 shares of the technology company’s stock valued at $94,907,000 after buying an additional 353,236 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC bought a new position in PDF Solutions in the 4th quarter worth $9,854,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Company Profile

(Get Free Report)

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.

Further Reading

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