PDF Solutions (NASDAQ:PDFS) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of PDF Solutions (NASDAQ:PDFS) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other research analysts also recently issued reports on PDFS. Rosenblatt Securities restated a “buy” rating and set a $34.00 price objective on shares of PDF Solutions in a report on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. Finally, DA Davidson raised their price objective on PDF Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PDF Solutions presently has a consensus rating of “Hold” and an average target price of $37.00.

PDF Solutions Trading Down 0.5%

PDF Solutions stock opened at $33.78 on Friday. The business’s 50-day simple moving average is $31.92 and its 200-day simple moving average is $27.45. PDF Solutions has a 52 week low of $15.91 and a 52 week high of $36.99. The firm has a market capitalization of $1.35 billion, a PE ratio of -1,689.00 and a beta of 1.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.21 and a current ratio of 2.28.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, February 12th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. PDF Solutions had a positive return on equity of 4.86% and a negative net margin of 0.29%.The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $61.95 million. Equities research analysts forecast that PDF Solutions will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of PDF Solutions by 40.9% in the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock worth $365,000 after purchasing an additional 5,540 shares during the last quarter. Amundi lifted its position in PDF Solutions by 117,205.9% during the 1st quarter. Amundi now owns 19,942 shares of the technology company’s stock worth $381,000 after buying an additional 19,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of PDF Solutions by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock valued at $353,000 after purchasing an additional 753 shares during the last quarter. Jane Street Group LLC increased its stake in shares of PDF Solutions by 113.6% in the 1st quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock valued at $1,163,000 after buying an additional 32,383 shares during the period. Finally, Strs Ohio bought a new position in shares of PDF Solutions in the 1st quarter valued at about $105,000. 79.51% of the stock is owned by institutional investors.

PDF Solutions Company Profile

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.