PDF Solutions Inc. (NASDAQ:PDFS) had its target price boosted by DA Davidson from $20.00 to $30.00 in a research report sent to investors on Thursday. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of PDF Solutions from a hold rating to a sell rating in a research note on Tuesday. Craig Hallum lowered shares of PDF Solutions from a buy rating to a hold rating and set a $17.00 price target for the company. in a research report on Friday, July 29th.
PDF Solutions (NASDAQ:PDFS) traded down 0.06% during midday trading on Thursday, reaching $18.10. The company’s stock had a trading volume of 173,503 shares. PDF Solutions has a 52-week low of $8.70 and a 52-week high of $18.63. The firm has a 50-day moving average price of $17.17 and a 200 day moving average price of $15.10. The stock has a market capitalization of $567.27 million, a price-to-earnings ratio of 67.29 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The company earned $26.70 million during the quarter, compared to the consensus estimate of $25.66 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts predict that PDF Solutions will post $0.68 EPS for the current fiscal year.
In other news, CFO Gregory C. Walker sold 2,665 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $15.90, for a total transaction of $42,373.50. Following the completion of the sale, the chief financial officer now owns 20,528 shares of the company’s stock, valued at $326,395.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Cornelis Hartgring sold 14,031 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.66, for a total transaction of $233,756.46. The disclosure for this sale can be found here. 16.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in PDF Solutions during the first quarter valued at $1,313,000. Palisade Capital Management LLC NJ raised its stake 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 valued at $2,222,000 after buying an additional 64,450 shares during the last quarter. Royce & Associates LP raised its stake in PDF Solutions by 34.6% in the first quarter. Royce & Associates LP now owns 616,200 shares of the company’s stock valued at $8,245,000 after buying an additional 158,500 shares during the last quarter. Value Holdings LP raised its stake in PDF Solutions by 38.9% in the first quarter. Value Holdings LP now owns 25,000 shares of the company’s stock valued at $335,000 after buying an additional 7,000 shares during the last quarter. Finally, Springbank Value Partners LP raised its stake in PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares during the last quarter. 73.46% of the stock is owned by institutional investors.
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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