PDF Solutions (NASDAQ:PDFS) Rating Reiterated by Northland Securities

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Northland Securities reaffirmed their buy rating on shares of PDF Solutions (NASDAQ:PDFS) in a report published on Friday morning, AnalystRatings.com reports.

“We believe that Global Foundries revenue was strong in the quarter, and Samsung and UMC also made meaningful contribution to Gainshare revenue in the quarter. Solutions revenue was $13.4M down from $16.7M. The decline in revenue was due to a Chinese foundry withholding payment trying to negotiate additional services under an exiting contract. This accounted for $1M of the Q/Q decline. In addition, last quarter Global Foundries made a $3.3M payment as part of the amended the 7nm development contract that did not repeat in the quarter. The Company’s analytics business, Exensio and DFI, was up 10% $9.4M or 70% of solutions revenue. DFI Activity: PDFS is current running demos for 4 customers. Two logic customers Intel and Samsung, one leading memory customer either Toshiba or Micron and trailing edge customer in China.”,” Northland Securities’ analyst commented.

PDFS has been the topic of a number of other reports. BidaskClub raised shares of PDF Solutions from a hold rating to a buy rating in a report on Thursday, May 30th. Zacks Investment Research downgraded shares of PDF Solutions from a buy rating to a hold rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.00.

Shares of PDF Solutions stock opened at $12.00 on Friday. PDF Solutions has a 12-month low of $7.56 and a 12-month high of $14.00. The company has a current ratio of 6.93, a quick ratio of 6.90 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $13.03.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PDF Solutions had a negative return on equity of 4.34% and a negative net margin of 10.61%. The firm had revenue of $20.57 million during the quarter, compared to analysts’ expectations of $21.43 million. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, analysts anticipate that PDF Solutions will post -0.12 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of PDF Solutions by 2.0% in the fourth quarter. BlackRock Inc. now owns 4,061,916 shares of the technology company’s stock worth $34,241,000 after purchasing an additional 79,148 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of PDF Solutions by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,948,829 shares of the technology company’s stock worth $16,429,000 after purchasing an additional 80,848 shares during the last quarter. Cowen Prime Services LLC increased its position in shares of PDF Solutions by 41.9% in the second quarter. Cowen Prime Services LLC now owns 1,118,900 shares of the technology company’s stock worth $14,680,000 after purchasing an additional 330,529 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of PDF Solutions by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 225,344 shares of the technology company’s stock worth $1,900,000 after purchasing an additional 2,158 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of PDF Solutions by 79.0% in the fourth quarter. Bank of America Corp DE now owns 162,403 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 71,660 shares during the last quarter. 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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