DA Davidson Reaffirms Buy Rating for PDF Solutions (NASDAQ:PDFS)

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $56.00 price objective on the technology company’s stock. DA Davidson’s target price would suggest a potential upside of 30.81% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Weiss Ratings raised PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Rosenblatt Securities upped their price target on PDF Solutions from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $54.00.

PDF Solutions Trading Down 4.2%

Shares of PDF Solutions stock traded down $1.89 on Monday, reaching $42.81. 223,729 shares of the company were exchanged, compared to its average volume of 466,005. The stock has a fifty day moving average price of $39.01 and a 200-day moving average price of $33.29. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 237.83 and a beta of 1.70. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23. PDF Solutions has a fifty-two week low of $17.35 and a fifty-two week high of $56.46.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $60.13 million for the quarter, compared to analyst estimates of $59.71 million. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%. On average, analysts expect that PDF Solutions will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. UMB Bank n.a. raised its position in PDF Solutions by 138.9% during the third quarter. UMB Bank n.a. now owns 951 shares of the technology company’s stock valued at $25,000 after buying an additional 553 shares during the period. Hantz Financial Services Inc. raised its position in PDF Solutions by 122.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after buying an additional 615 shares during the period. Kestra Advisory Services LLC purchased a new position in PDF Solutions in the fourth quarter valued at about $82,000. Johnson Financial Group Inc. purchased a new position in PDF Solutions in the third quarter valued at about $83,000. Finally, Tower Research Capital LLC TRC grew its stake in PDF Solutions by 257.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock valued at $73,000 after purchasing an additional 2,442 shares in the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.

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.