PDF Solutions Inc. (PDFS) Shares Up 1.9% Following Analyst Upgrade
PDF Solutions Inc. (NASDAQ:PDFS) rose 1.9% during trading on Thursday after DA Davidson raised their price target on the stock from $20.00 to $30.00. DA Davidson currently has a buy rating on the stock. PDF Solutions traded as high as $18.26 and last traded at $18.11, with a volume of 89,669 shares. The stock had previously closed at $17.77.
Several other research firms have also recently issued reports on PDFS. Zacks Investment Research cut PDF Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday. Craig Hallum cut PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Friday, July 29th.
In related news, VP Cornelis Hartgring sold 14,031 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.66, for a total transaction of $233,756.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gregory C. Walker sold 2,665 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $15.90, for a total value of $42,373.50. Following the sale, the chief financial officer now directly owns 20,528 shares in the company, valued at approximately $326,395.20. The disclosure for this sale can be found here. 16.20% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its stake in PDF Solutions by 169.9% in the second quarter. GSA Capital Partners LLP now owns 74,575 shares of the company’s stock worth $1,043,000 after buying an additional 46,943 shares during the last quarter. Cadence Capital Management LLC bought a new stake in PDF Solutions during the second quarter worth approximately $796,000. Emerald Acquisition Ltd. bought a new stake in PDF Solutions during the second quarter worth approximately $10,823,000. Palisade Capital Management LLC NJ raised its stake in PDF Solutions by 29.6% in the second quarter. Palisade Capital Management LLC NJ now owns 215,250 shares of the company’s stock worth $3,011,000 after buying an additional 49,200 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock worth $175,000 after buying an additional 918 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.
The company’s 50 day moving average price is $17.14 and its 200-day moving average price is $15.08. The company has a market cap of $567.59 million, a price-to-earnings ratio of 67.32 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $26.70 million for the quarter, compared to the consensus estimate of $25.66 million. PDF Solutions had a return on equity of 5.94% and a net margin of 8.59%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. On average, equities research analysts expect that PDF Solutions Inc. will post $0.68 EPS for the current year.
About PDF Solutions
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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