PDF Solutions, Inc. (PDFS) Raised to “Outperform” at Northland Securities
PDF Solutions, Inc. (NASDAQ:PDFS) was upgraded by equities researchers at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.
PDFS has been the subject of several other research reports. BidaskClub downgraded PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Craig Hallum raised shares of PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of PDF Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.
Shares of PDF Solutions (NASDAQ PDFS) opened at 16.01 on Tuesday. The firm has a market cap of $517.65 million, a PE ratio of 94.73 and a beta of 1.40. PDF Solutions has a 52 week low of $14.11 and a 52 week high of $24.44. The firm’s 50-day moving average is $15.03 and its 200 day moving average is $17.72.
PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $26.58 million. PDF Solutions had a return on equity of 2.78% and a net margin of 5.29%. PDF Solutions’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. Equities research analysts forecast that PDF Solutions will post $0.43 EPS for the current year.
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In other PDF Solutions news, Director Lucio Lanza sold 60,000 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.00, for a total transaction of $900,000.00. Following the sale, the director now owns 318,967 shares in the company, valued at approximately $4,784,505. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in PDFS. Rhumbline Advisers lifted its holdings in PDF Solutions by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 31,097 shares of the technology company’s stock valued at $512,000 after purchasing an additional 300 shares in the last quarter. Sei Investments Co. boosted its stake in shares of PDF Solutions by 4.4% during the 1st quarter. Sei Investments Co. now owns 8,800 shares of the technology company’s stock worth $199,000 after purchasing an additional 372 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of PDF Solutions by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 111,844 shares of the technology company’s stock worth $1,840,000 after purchasing an additional 646 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of PDF Solutions by 9.8% during the 1st quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock worth $212,000 after purchasing an additional 833 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of PDF Solutions by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 42,879 shares of the technology company’s stock worth $706,000 after purchasing an additional 1,084 shares during the last quarter. 82.45% of the stock is 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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