PDF Solutions, Inc. (NASDAQ:PDFS) Short Interest Down 8.0% in June

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PDFS. Foresters Investment Management Company Inc. acquired a new stake in PDF Solutions during the fourth quarter valued at approximately $7,502,000. Toronado Partners LLC acquired a new stake in PDF Solutions during the fourth quarter valued at approximately $2,951,000. Royce & Associates LP raised its stake 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 buying an additional 116,700 shares in the last quarter. California Public Employees Retirement System raised its stake in PDF Solutions by 120.4% during the first quarter. California Public Employees Retirement System now owns 160,149 shares of the technology company’s stock valued at $1,978,000 after buying an additional 87,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in PDF Solutions by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,948,829 shares of the technology company’s stock valued at $16,429,000 after buying an additional 80,848 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

PDFS stock opened at $12.68 on Friday. The firm’s 50-day moving average price is $12.73. PDF Solutions has a 12-month low of $7.56 and a 12-month high of $14.00. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 0.04.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. PDF Solutions had a negative return on equity of 5.00% and a negative net margin of 12.23%. The business had revenue of $20.45 million for the quarter, compared to analysts’ expectations of $19.48 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was down 17.3% compared to the same quarter last year. On average, research analysts anticipate that PDF Solutions will post -0.12 earnings per share for the current year.

About PDF Solutions

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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