Wells Fargo & Company Has Lowered Expectations for PDF Solutions (NASDAQ:PDFS) Stock Price

PDF Solutions (NASDAQ:PDFS) had its target price reduced by equities researchers at Wells Fargo & Company from $50.00 to $39.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.34% from the stock’s current price.

Other analysts also recently issued research reports about the company. Needham & Company LLC initiated coverage on PDF Solutions in a research note on Friday, September 25th. They issued a “buy” rating and a $60.00 price target on the stock. UBS Group reaffirmed a “neutral” rating on shares of PDF Solutions in a research report on Monday, September 21st. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Royal Bank Of Canada lowered PDF Solutions to an “outperform” rating in a research report on Tuesday, September 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

PDF Solutions Stock Up 2.4%

PDFS traded up $0.82 during trading on Friday, hitting $35.34. The company had a trading volume of 133,763 shares, compared to its average volume of 574,965. The company has a market capitalization of $1.41 billion, a PE ratio of 141.34 and a beta of 1.75. PDF Solutions has a one year low of $23.55 and a one year high of $71.68. The firm’s 50-day moving average price is $45.68 and its 200 day moving average price is $44.59. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, November 5th. The technology company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The firm had revenue of $68.33 million during the quarter, compared to analyst estimates of $67.48 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. As a group, equities analysts expect that PDF Solutions will post 0.78 earnings per share for the current year.

Insider Activity

In related news, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the transaction, the chief technology officer directly owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shuo Zhang sold 1,501 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Several large investors have recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in shares of PDF Solutions in the second quarter valued at $5,733,000. Deutsche Bank AG acquired a new position in PDF Solutions during the second quarter worth $9,382,000. Pillsbury Lake Capital LLC bought a new stake in PDF Solutions during the second quarter worth $8,342,885. Sei Investments Co. raised its position in PDF Solutions by 114.2% during the first quarter. Sei Investments Co. now owns 90,393 shares of the technology company’s stock worth $2,957,000 after acquiring an additional 48,184 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in PDF Solutions by 13.5% during the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after acquiring an additional 123,531 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Key PDF Solutions News

Here are the key news stories impacting PDF Solutions this week:

• Positive Sentiment: PDF Solutions reported earnings per share of $0.40, above estimates of $0.33–$0.34 and up from $0.25 a year earlier. Revenue was $68.33 million, exceeding the $67.48 million consensus; coverage also highlighted record revenue and expanding margins. Earnings results Zacks earnings coverage
• Neutral Sentiment: The earnings-call transcripts provide further discussion of the quarter, but the supplied articles do not describe additional guidance or a distinct concern that would explain the share weakness. Earnings-call transcript

PDF Solutions Company Profile

PDF Solutions, Inc (NASDAQ: PDFS) provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company’s product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.