PDF Solutions (NASDAQ:PDFS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The firm presently has a $14.00 target price on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 8.11% from the company’s previous close.
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. “
Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of YY from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th. Northland Securities set a $6.00 price objective on shares of EMCORE and gave the stock a “buy” rating in a report on Friday, May 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $13.50.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. PDF Solutions had a negative net margin of 12.23% and a negative return on equity of 5.00%. The company had revenue of $20.45 million during the quarter, compared to analysts’ expectations of $19.48 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. PDF Solutions’s revenue for the quarter was down 17.3% on a year-over-year basis. As a group, equities research analysts expect that PDF Solutions will post -0.12 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stephens Inc. AR bought a new stake in PDF Solutions during the 1st quarter worth approximately $217,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of PDF Solutions in the fourth quarter valued at $65,000. MetLife Investment Advisors LLC purchased a new position in shares of PDF Solutions in the fourth quarter valued at $109,000. Millennium Management LLC purchased a new position in shares of PDF Solutions in the fourth quarter valued at $194,000. Finally, Comerica Bank boosted its stake in PDF Solutions by 3.5% during the first quarter. Comerica Bank now owns 27,676 shares of the technology company’s stock worth $369,000 after buying an additional 925 shares during the period. Institutional investors own 83.19% of the company’s stock.
About PDF Solutions
PDF Solutions, Inc provides hardware, software, and intellectual property products to integrated circuit (IC) vendors in the United States, China, Taiwan, Germany, and internationally. It offers Exensio platform, which consists of Exensio-Yield that collects and stores yield data in an analysis-ready database, which enables product engineers to identify and analyze production yield, performance, reliability, and other issues; Exensio-Control, which provides fault detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Exensio-Test that offers data collection and analysis capability; Exensio Characterization, which encapsulates test structure analysis functionality of electrical and in-line inspection data from CV test chips and design-for-inspection DFI on-chip instruments; and Exensio ALPS that provides device manufacturers with the capability to link all device data, including fabrication and characterization data from every step of the product life cycle.
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