According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “
Separately, Craig Hallum lowered PDF Solutions from a buy rating to a hold rating and set a $17.00 target price for the company. in a research note on Friday, July 29th.
PDF Solutions (NASDAQ:PDFS) opened at 18.30 on Tuesday. The stock has a 50 day moving average price of $17.17 and a 200-day moving average price of $15.10. The company has a market cap of $573.54 million, a price-to-earnings ratio of 68.03 and a beta of 1.58. PDF Solutions has a 1-year low of $8.70 and a 1-year high of $18.63.
PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The firm earned $26.70 million during the quarter, compared to analysts’ expectations of $25.66 million. PDF Solutions had a return on equity of 5.94% and a net margin of 8.59%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. On average, equities research analysts forecast that PDF Solutions will post $0.68 EPS for the current year.
In other PDF Solutions news, VP Cornelis Hartgring sold 14,031 shares of PDF Solutions stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $16.66, for a total transaction of $233,756.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory C. Walker sold 2,665 shares of PDF Solutions stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $15.90, for a total value of $42,373.50. Following the transaction, the chief financial officer now owns 20,528 shares of the company’s stock, valued at approximately $326,395.20. The disclosure for this sale can be found here. Company insiders own 16.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in PDF Solutions during the first quarter worth $1,313,000. Palisade Capital Management LLC NJ raised its position in PDF Solutions by 63.4% in the first quarter. Palisade Capital Management LLC NJ now owns 166,050 shares of the company’s stock worth $2,222,000 after buying an additional 64,450 shares during the last quarter. Royce & Associates LP raised its position in PDF Solutions by 34.6% in the first quarter. Royce & Associates LP now owns 616,200 shares of the company’s stock worth $8,245,000 after buying an additional 158,500 shares during the last quarter. Value Holdings LP raised its position in PDF Solutions by 38.9% in the first quarter. Value Holdings LP now owns 25,000 shares of the company’s stock worth $335,000 after buying an additional 7,000 shares during the last quarter. Finally, Springbank Value Partners LP raised its position in PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock worth $134,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
About PDF Solutions
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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