PDF Solutions (NASDAQ:PDFS) Hits New 12-Month High Following Analyst Upgrade

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) reached a new 52-week high on Monday after Rosenblatt Securities raised their price target on the stock from $37.00 to $47.00. Rosenblatt Securities currently has a buy rating on the stock. PDF Solutions traded as high as $45.00 and last traded at $44.8350, with a volume of 45800 shares trading hands. The stock had previously closed at $43.97.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reissued a “sell (d)” rating on shares of PDF Solutions in a research report on Friday, March 27th. Finally, DA Davidson lifted their target price on shares of PDF Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PDF Solutions currently has an average rating of “Hold” and a consensus price target of $43.50.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in PDF Solutions by 138.9% during the third quarter. UMB Bank n.a. now owns 951 shares of the technology company’s stock worth $25,000 after purchasing an additional 553 shares during the last quarter. Hantz Financial Services Inc. lifted its stake 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 worth $32,000 after purchasing an additional 615 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,442 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in PDF Solutions during the fourth quarter worth $82,000. Finally, Johnson Financial Group Inc. bought a new stake in PDF Solutions during the third quarter worth $83,000. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Stock Up 1.8%

The firm has a 50 day simple moving average of $34.30 and a two-hundred day simple moving average of $30.89. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.79 billion, a P/E ratio of -2,241.75 and a beta of 1.56.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $62.40 million during the quarter, compared to the consensus estimate of $61.95 million. PDF Solutions had a negative net margin of 0.29% and a positive return on equity of 4.86%. On average, equities research analysts expect that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

About PDF Solutions

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.