PDF Solutions Inc. (PDFS) Given New $30.00 Price Target at DA Davidson
Several other analysts have also weighed in on PDFS. Zacks Investment Research raised PDF Solutions from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Thursday, June 30th. Craig Hallum lowered PDF Solutions from a buy rating to a hold rating and set a $17.00 price objective for the company. in a report on Friday, July 29th.
PDF Solutions (NASDAQ:PDFS) traded down 0.06% during mid-day trading on Thursday, reaching $18.10. The company’s stock had a trading volume of 173,503 shares. The firm has a 50-day moving average of $17.17 and a 200-day moving average of $15.10. The stock has a market capitalization of $567.27 million, a price-to-earnings ratio of 67.29 and a beta of 1.58. PDF Solutions has a 52 week low of $8.70 and a 52 week high of $18.63.
PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm earned $26.70 million during the quarter, compared to the consensus estimate of $25.66 million. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that PDF Solutions will post $0.68 earnings per share for the current year.
In other news, CFO Gregory C. Walker sold 2,382 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $17.00, for a total transaction of $40,494.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Cornelis Hartgring sold 14,031 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.66, for a total value of $233,756.46. The disclosure for this sale can be found here. Insiders own 16.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Falcon Point Capital LLC increased its stake in PDF Solutions by 4.8% in the second quarter. Falcon Point Capital LLC now owns 745,381 shares of the company’s stock worth $10,428,000 after buying an additional 33,828 shares during the period. Value Holdings LP increased its stake in PDF Solutions by 38.9% in the first quarter. Value Holdings LP now owns 25,000 shares of the company’s stock worth $335,000 after buying an additional 7,000 shares during the period. Goldman Sachs Group Inc. increased its stake in PDF Solutions by 637.3% in the first quarter. Goldman Sachs Group Inc. now owns 88,629 shares of the company’s stock worth $1,186,000 after buying an additional 76,609 shares during the period. Cadence Capital Management LLC purchased a new stake in PDF Solutions during the second quarter worth $796,000. Finally, SECOR Capital Advisors LP increased its stake in PDF Solutions by 45.7% in the second quarter. SECOR Capital Advisors LP now owns 38,026 shares of the company’s stock worth $532,000 after buying an additional 11,926 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.
PDF Solutions Company Profile
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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