PDF Solutions (NASDAQ:PDFS) Rating Lowered to Sell at Zacks Investment Research

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PDF Solutions (NASDAQ:PDFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday, Zacks.com reports.

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 analysts have also recently issued research reports about the stock. Northland Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of PDF Solutions in a research note on Friday, February 14th. ValuEngine upgraded shares of PDF Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. PDF Solutions currently has a consensus rating of “Hold” and a consensus price target of $20.50.

PDFS opened at $15.70 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.93 and a current ratio of 5.27. The stock has a market capitalization of $521.81 million, a P/E ratio of -98.13 and a beta of 1.40. The company’s 50-day simple moving average is $16.79 and its two-hundred day simple moving average is $14.86. PDF Solutions has a 52-week low of $11.16 and a 52-week high of $18.41.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). PDF Solutions had a negative return on equity of 2.77% and a negative net margin of 6.33%. The business had revenue of $22.56 million during the quarter, compared to the consensus estimate of $22.00 million. Research analysts forecast that PDF Solutions will post -0.09 EPS for the current fiscal year.

Several large investors have recently modified their holdings of PDFS. Morgan Stanley lifted its stake in shares of PDF Solutions by 2,676.8% in the 2nd quarter. Morgan Stanley now owns 243,301 shares of the technology company’s stock worth $3,192,000 after purchasing an additional 234,539 shares during the period. Rhumbline Advisers increased its holdings in PDF Solutions by 8.4% in the 3rd quarter. Rhumbline Advisers now owns 89,715 shares of the technology company’s stock worth $1,173,000 after acquiring an additional 6,962 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in PDF Solutions by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 12,350 shares of the technology company’s stock worth $161,000 after acquiring an additional 971 shares in the last quarter. California Public Employees Retirement System increased its holdings in PDF Solutions by 9.1% in the 3rd quarter. California Public Employees Retirement System now owns 162,182 shares of the technology company’s stock worth $2,120,000 after acquiring an additional 13,533 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in PDF Solutions by 140.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 17,400 shares of the technology company’s stock worth $227,000 after acquiring an additional 10,164 shares in the last quarter. Hedge funds and other institutional investors own 78.13% 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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