Craig Hallum upgraded shares of PDF Solutions, Inc. (NASDAQ:PDFS) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat reports. The firm currently has $22.00 price target on the technology company’s stock.

A number of other research firms have also commented on PDFS. Northland Securities lowered shares of PDF Solutions from an outperform rating to a market perform rating in a report on Friday, April 28th. BidaskClub upgraded shares of PDF Solutions from a sell rating to a hold rating in a report on Saturday, July 8th. Finally, ValuEngine lowered shares of PDF Solutions from a hold rating to a sell rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $26.00.

Shares of PDF Solutions (NASDAQ PDFS) opened at 19.15 on Wednesday. PDF Solutions has a 52-week low of $14.03 and a 52-week high of $24.44. The firm has a market capitalization of $615.52 million, a PE ratio of 83.62 and a beta of 1.49. The stock’s 50 day moving average is $16.81 and its 200 day moving average is $20.72.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.12. PDF Solutions had a net margin of 7.07% and a return on equity of 4.31%. The firm had revenue of $24.30 million for the quarter, compared to the consensus estimate of $27.03 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts forecast that PDF Solutions will post $0.58 EPS for the current year.

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In other PDF Solutions news, Director Lucio Lanza sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $16.50, for a total value of $495,000.00. Following the completion of the transaction, the director now directly owns 350,623 shares in the company, valued at approximately $5,785,279.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 90,000 shares of company stock valued at $1,534,800 over the last 90 days. Company insiders own 16.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in PDF Solutions by 196.6% in the first quarter. FMR LLC now owns 647,186 shares of the technology company’s stock worth $14,639,000 after buying an additional 428,986 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in PDF Solutions by 6.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,627,953 shares of the technology company’s stock worth $36,824,000 after buying an additional 96,964 shares in the last quarter. Pax World Management LLC acquired a new stake in PDF Solutions during the first quarter worth $2,180,000. Divisar Capital Management LLC increased its stake in PDF Solutions by 24.4% in the first quarter. Divisar Capital Management LLC now owns 415,347 shares of the technology company’s stock worth $9,395,000 after buying an additional 81,399 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in PDF Solutions by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,122,227 shares of the technology company’s stock worth $25,385,000 after buying an additional 67,530 shares in the last quarter. 77.45% of the stock is currently owned by hedge funds and other institutional investors.

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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