PDF Solutions Inc. (PDFS) Sees Strong Trading Volume on Analyst Upgrade
PDF Solutions Inc. (NASDAQ:PDFS) shares saw unusually-high trading volume on Friday 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. Approximately 184,301 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 125,400 shares.The stock last traded at $18.00 and had previously closed at $18.11.
A number of other brokerages have also issued reports on PDFS. Zacks Investment Research lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Craig Hallum lowered shares of 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.
In other PDF Solutions news, CFO Gregory C. Walker sold 2,665 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $15.90, for a total transaction of $42,373.50. Following the completion of the transaction, the chief financial officer now owns 20,528 shares in the company, valued at approximately $326,395.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Cornelis Hartgring sold 14,031 shares of the firm’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 transaction of $233,756.46. The disclosure for this sale can be found here. Company insiders own 16.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Falcon Point Capital LLC raised its position in PDF Solutions by 4.8% in the second quarter. Falcon Point Capital LLC now owns 745,381 shares of the company’s stock valued at $10,428,000 after buying an additional 33,828 shares during the last quarter. Value Holdings LP raised its position in PDF Solutions by 38.9% in the first quarter. Value Holdings LP now owns 25,000 shares of the company’s stock valued at $335,000 after buying an additional 7,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in PDF Solutions by 637.3% in the first quarter. Goldman Sachs Group Inc. now owns 88,629 shares of the company’s stock valued at $1,186,000 after buying an additional 76,609 shares during the last quarter. Cadence Capital Management LLC purchased a new position in PDF Solutions during the second quarter valued at about $796,000. Finally, SECOR Capital Advisors LP raised its position in PDF Solutions by 45.7% in the second quarter. SECOR Capital Advisors LP now owns 38,026 shares of the company’s stock valued at $532,000 after buying an additional 11,926 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
The stock has a 50-day moving average of $17.19 and a 200-day moving average of $15.14. The stock has a market capitalization of $564.45 million, a PE ratio of 66.95 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. PDF Solutions had a return on equity of 5.94% and a net margin of 8.59%. The business had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.66 million. During the same period in the previous year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts forecast that PDF Solutions Inc. will post $0.68 earnings per share 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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