PDF Solutions (NASDAQ:PDFS) Upgraded by Wells Fargo & Company to “Hold” Rating

Wells Fargo & Company upgraded shares of PDF Solutions (NASDAQ:PDFS) to a hold rating in a research note issued to investors on Tuesday, Marketbeat reports.

Several other equities analysts have also recently weighed in on PDFS. DA Davidson reissued a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a research note on Monday, May 18th. Wall Street Zen raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Rosenblatt Securities lifted their price objective on shares of PDF Solutions from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PDF Solutions currently has an average rating of “Hold” and a consensus price target of $56.33.

PDF Solutions Stock Performance

PDFS opened at $51.17 on Tuesday. The business’s 50-day simple moving average is $55.95 and its 200 day simple moving average is $43.77. PDF Solutions has a 52-week low of $18.12 and a 52-week high of $71.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $2.04 billion, a PE ratio of 284.29 and a beta of 1.67.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $60.13 million during the quarter, compared to the consensus estimate of $59.71 million. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%. As a group, sell-side analysts expect that PDF Solutions will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in PDF Solutions by 122.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after acquiring an additional 615 shares during the period. Tower Research Capital LLC TRC boosted its position in PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,442 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of PDF Solutions in the fourth quarter valued at $82,000. Johnson Financial Group Inc. acquired a new position in shares of PDF Solutions in the third quarter valued at $83,000. Finally, iSAM Funds UK Ltd bought a new position in shares of PDF Solutions in the third quarter valued at about $100,000. 79.51% of the stock is owned by institutional investors and hedge funds.

About PDF Solutions

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.