The Vanguard Group, Inc. recently announced the acquisition of new stake in PDF Solutions Inc. (NASDAQ:PDFS). The institutional investor has increased its shareholding in the Technology company by 6.29% to 2.2 million shares with purchase of 0.13 million shares. This fresh investment now brings its stake to 5.89% valued currently at $62.81 million. In addition, Wasatch Advisors, Inc. raised its holdings by 0.19 million to 1.68 million shares. And Snyder Capital Management LP has lifted its position by 21.19% or 0.25 million shares – to 1.45 million shares.
With over 0.24 million PDF Solutions Inc. (PDFS) shares trading Friday and a closing price of $31.25 on the day, the dollar volume was approximately $7.36 million. The shares have shown a positive half year performance of 24.16% and its price on 01/20/23 gained nearly 4.10%. Currently, there are 37.23M common shares owned by the public and among those 29.78M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for PDFS have a consensus price objective of $37.00. The analysts have set the share’s price value over the next 12 months at a high of $44.00 and a low of $33.00. The average price target is 9.86% above its recent price level and an upside to the estimated low will see the stock gain 5.3% over that period. But an upside of 28.98% will see the stock hit the forecast high price target while median target price for the stock is $35.50.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 103,272 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 123,312 shares.
The top 3 mutual fund holders in PDF Solutions Inc. are Invesco Global Opportunities Fund, iShares Core S&P Small Cap ETF, and Wasatch Ultra Growth Fund. Invesco Global Opportunities Fund owns 3.0 million shares of the company’s stock, all valued at over $85.56 million. iShares Core S&P Small Cap ETF sold 1664.0 shares to see its total holdings shrink to 2.18 million shares valued at over $62.31 million and representing 5.84% of the shares outstanding. Wasatch Ultra Growth Fund bought 19270.0 shares to bring its total holdings to over 1.11 million shares at a value of $31.67 million. Wasatch Ultra Growth Fund now owns shares totaling to 2.97% of the shares outstanding.
Shares of PDF Solutions Inc. (NASDAQ: PDFS) opened at $30.44, up $0.42 from a prior closing price of $30.02. However, the script later moved the day high at 31.58, up 4.10%. The company’s stock has a 5-day price change of 3.07% and 43.48% over the past three months. PDFS shares are trading 9.57% year to date (YTD), with the 12-month market performance up to 16.56% higher. It has a 12-month low price of $19.34 and touched a high of $32.56 over the same period. PDFS has an average intraday trading volume of 116.19K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.36%, 6.64%, and 23.11% respectively.
Institutional ownership of PDF Solutions Inc. (NASDAQ: PDFS) shares accounts for 71.50% of the company’s 37.23M shares outstanding. Mutual fund holders own 27.63%, while other institutional holders and individual stakeholders account for 42.95% and 17.99% respectively.
It has a market capitalization of $1.12B and a beta (3y monthly) value of 1.48. The earnings-per-share (ttm) stands at -$0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.32% over the week and 3.03% over the month.
Analysts forecast that PDF Solutions Inc. (PDFS) will achieve an EPS of $0.09 for the current quarter, $0.09 for the next quarter and $0.55 for 2023. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 50.60%, and 26.46% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -32.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate PDF Solutions Inc. (PDFS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PDFS, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on September 17, 2021, with the firm’s price target at $23. Rosenblatt coverage for the PDF Solutions Inc. (PDFS) stock in a research note released on June 02, 2021 offered a Buy rating with a price target of $22. Craig Hallum was of a view on March 26, 2021 that the stock is Buy, while Craig Hallum gave the stock Hold rating on February 19, 2021, issuing a price target of $32- $24. Craig Hallum on their part issued Buy rating on October 16, 2019.
