PDF Solutions, Inc. (NASDAQ:PDFS) Sees Significant Decline in Short Interest

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PDF Solutions, Inc. (NASDAQ:PDFS) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 1,539,500 shares, a decrease of 8.0% from the May 15th total of 1,672,800 shares. Currently, 5.6% of the company’s stock are sold short. Based on an average daily volume of 149,300 shares, the short-interest ratio is presently 10.3 days.

A number of large investors have recently bought and sold shares of PDFS. Foresters Investment Management Company Inc. purchased a new stake in PDF Solutions during the fourth quarter valued at approximately $7,502,000. Toronado Partners LLC purchased a new stake in PDF Solutions during the fourth quarter valued at approximately $2,951,000. Royce & Associates LP lifted its position in PDF Solutions by 31.0% during the fourth quarter. Royce & Associates LP now owns 492,700 shares of the technology company’s stock valued at $4,153,000 after acquiring an additional 116,700 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of PDF Solutions by 120.4% in the first quarter. California Public Employees Retirement System now owns 160,149 shares of the technology company’s stock worth $1,978,000 after buying an additional 87,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of PDF Solutions by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,948,829 shares of the technology company’s stock worth $16,429,000 after buying an additional 80,848 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

PDFS has been the subject of several research reports. Northland Securities set a $6.00 price target on shares of EMCORE and gave the stock a “buy” rating in a research report on Friday, May 24th. BidaskClub raised shares of YY from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PDF Solutions has a consensus rating of “Buy” and a consensus target price of $12.00.

Shares of PDFS opened at $12.68 on Friday. PDF Solutions has a fifty-two week low of $7.56 and a fifty-two week high of $14.00. The stock has a 50 day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.90 and a quick ratio of 6.90.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Wednesday, May 1st. The technology company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.02. PDF Solutions had a negative net margin of 12.23% and a negative return on equity of 5.00%. The company had revenue of $20.45 million during the quarter, compared to analysts’ expectations of $19.48 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. PDF Solutions’s revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, equities analysts expect that PDF Solutions will post -0.12 EPS for the current year.

PDF Solutions Company Profile

PDF Solutions, Inc provides hardware, software, and intellectual property products to integrated circuit (IC) vendors in the United States, China, Taiwan, Germany, and internationally. It offers Exensio platform, which consists of Exensio-Yield that collects and stores yield data in an analysis-ready database, which enables product engineers to identify and analyze production yield, performance, reliability, and other issues; Exensio-Control, which provides fault detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Exensio-Test that offers data collection and analysis capability; Exensio Characterization, which encapsulates test structure analysis functionality of electrical and in-line inspection data from CV test chips and design-for-inspection DFI on-chip instruments; and Exensio ALPS that provides device manufacturers with the capability to link all device data, including fabrication and characterization data from every step of the product life cycle.

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