PDF Solutions, Inc. (NASDAQ:PDFS) Stock Has Consensus Target Price of $54.00 According to Brokerages

PDF Solutions, Inc. (NASDAQ:PDFS) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.00.

Several brokerages have recently issued reports on PDFS. DA Davidson set a $24.00 price objective on shares of PDF Solutions in a research note on Monday, September 21st. UBS Group reiterated a “neutral” rating on shares of PDF Solutions in a research note on Monday, September 21st. Morgan Stanley started coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 price target for the company. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target on the stock.

PDF Solutions Price Performance

NASDAQ PDFS opened at $55.50 on Wednesday. The stock has a 50-day simple moving average of $46.96 and a 200 day simple moving average of $48.08. PDF Solutions has a twelve month low of $23.55 and a twelve month high of $71.68. The stock has a market capitalization of $2.22 billion, a PE ratio of 222.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The firm had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. Research analysts anticipate that PDF Solutions will post 0.78 EPS for the current year.

Insider Activity

In related news, Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the sale, the director directly owned 23,380 shares of the company’s stock, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrzej Strojwas sold 3,394 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $44.41, for a total value of $150,727.54. Following the transaction, the chief technology officer owned 90,965 shares in the company, valued at $4,039,755.65. This represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is currently owned by company insiders.

Institutional Trading of PDF Solutions

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in PDF Solutions during the 2nd quarter valued at $392,908,000. Wasatch Advisors LP increased its holdings in shares of PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after purchasing an additional 873,002 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in PDF Solutions in the 2nd quarter worth approximately $93,416,000. Ranger Investment Management L.P. raised its position in PDF Solutions by 9.4% in the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock worth $41,857,000 after purchasing an additional 109,616 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in PDF Solutions by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after buying an additional 123,531 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors.

About PDF Solutions

PDF Solutions, Inc provides software, services and engineering solutions that help semiconductor manufacturers improve production processes, product quality and manufacturing yields. Its offerings are designed to collect, integrate and analyze data from semiconductor design, fabrication, assembly and testing operations.

The company’s Exensio platform supports applications such as yield management, manufacturing intelligence, fault detection and classification, process control, test-data analysis and supply-chain visibility.