PDF Solutions (NASDAQ:PDFS) Shares Gap Down – Time to Sell?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) gapped down prior to trading on Friday . The stock had previously closed at $32.12, but opened at $30.00. PDF Solutions shares last traded at $30.40, with a volume of 20,164 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $42.00 price objective on shares of PDF Solutions in a research note on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of PDF Solutions in a research report on Friday.

PDF Solutions Price Performance

The company has a market capitalization of $1.28 billion, a P/E ratio of -414.50 and a beta of 1.49. The business’s 50-day moving average price is $29.91 and its two-hundred day moving average price is $32.50.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. PDF Solutions had a positive return on equity of 2.78% and a negative net margin of 1.67%. The business had revenue of $41.66 million for the quarter, compared to the consensus estimate of $41.60 million. Research analysts expect that PDF Solutions, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

A number of hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of PDF Solutions in the 3rd quarter valued at approximately $37,000. Thrivent Financial for Lutherans boosted its holdings in shares of PDF Solutions by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 365,656 shares of the technology company’s stock valued at $11,584,000 after buying an additional 3,659 shares during the period. MQS Management LLC bought a new stake in shares of PDF Solutions during the third quarter worth $331,000. Olympiad Research LP acquired a new stake in shares of PDF Solutions during the third quarter worth $253,000. Finally, Emerald Advisers LLC lifted its position in PDF Solutions by 2.2% in the 3rd quarter. Emerald Advisers LLC now owns 895,248 shares of the technology company’s stock valued at $28,361,000 after acquiring an additional 19,673 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Company Profile

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.