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

DA Davidson restated their buy rating on shares of PDF Solutions (NASDAQ:PDFS) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $74.00 target price on the technology company’s stock.

Several other research firms also recently commented on PDFS. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Rosenblatt Securities restated a “buy” rating and issued a $63.00 price target on shares of PDF Solutions in a research report on Friday, August 7th. Sanford C. Bernstein assumed coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They set an “outperform” rating and a $65.00 price target for the company. Wells Fargo & Company began coverage on shares of PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target for the company. Finally, Morgan Stanley initiated coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They set an “overweight” rating and a $62.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.80.

PDF Solutions Trading Down 0.0%

NASDAQ PDFS opened at $48.43 on Monday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 193.72 and a beta of 1.64. PDF Solutions has a twelve month low of $23.55 and a twelve month high of $71.68. The business’s fifty day moving average is $47.08 and its 200 day moving average is $47.17.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. As a group, sell-side analysts expect that PDF Solutions will post 0.78 EPS for the current fiscal year.

Insider Activity at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the sale, the director owned 23,380 shares of the company’s stock, valued at $1,203,368.60. This trade represents a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction on Monday, August 31st. The shares were 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 of the company’s stock, valued at $4,039,755.65. This represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. 11.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

PDF Solutions Company Profile

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.