PDF Solutions’ (PDFS) “Buy” Rating Reaffirmed at DA Davidson

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research note issued on Monday, September 21st, Benzinga reports. They currently have a $74.00 price target on the technology company’s stock. DA Davidson’s price objective would suggest a potential upside of 48.20% from the stock’s current price.

Several other equities analysts have also recently weighed in on PDFS. Morgan Stanley assumed coverage on shares of PDF Solutions in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 price objective on the stock. Weiss Ratings raised shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Rosenblatt Securities reiterated a “buy” rating and set a $63.00 price target on shares of PDF Solutions in a research note on Friday, August 7th. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

PDF Solutions Stock Performance

PDFS stock traded up $0.38 on Monday, hitting $49.93. The company had a trading volume of 197,998 shares, compared to its average volume of 563,003. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17. PDF Solutions has a 12-month low of $23.55 and a 12-month high of $71.68. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 199.76 and a beta of 1.64. The stock’s 50-day simple moving average is $46.97 and its 200 day simple moving average is $47.41.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $61.17 million. As a group, equities research analysts expect that PDF Solutions will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at PDF Solutions

In related news, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction dated 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 sale, the chief technology officer owned 90,965 shares in the company, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shuo Zhang sold 1,501 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the transaction, the director directly owned 23,380 shares in the company, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds have recently modified their holdings of PDFS. BlackRock Inc. bought a new position in shares of PDF Solutions during the 2nd quarter valued at about $392,908,000. Wasatch Advisors LP grew its holdings in PDF Solutions by 171.9% during the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after buying an additional 873,002 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in PDF Solutions in the 2nd quarter worth approximately $93,416,000. Ranger Investment Management L.P. purchased a new stake in shares of PDF Solutions during the 2nd quarter worth approximately $81,384,000. Finally, Jupiter Topco LLC bought a new position in shares of PDF Solutions during the 2nd quarter valued at approximately $65,677,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc provides software, hardware and services that help semiconductor and electronics manufacturers improve product quality, manufacturing efficiency and yields. Its solutions collect and analyze data across the semiconductor production process, enabling customers to identify defects, monitor process performance and make data-driven decisions from design through manufacturing and test.

The company’s offerings include the Exensio platform, a suite of manufacturing analytics and data-management applications.