PDF Solutions Inc. (NASDAQ:PDFS) had its target price raised by analysts at DA Davidson from $20.00 to $30.00 in a research report issued on Thursday. DA Davidson’s price objective would suggest a potential upside of 68.82% from the company’s current price.
PDFS has been the topic of a number of other research reports. Zacks Investment Research upgraded PDF Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, June 30th. Craig Hallum cut PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Friday, July 29th.
Shares of PDF Solutions (NASDAQ:PDFS) opened at 17.77 on Thursday. The firm has a 50-day moving average price of $17.14 and a 200-day moving average price of $15.08. PDF Solutions has a 1-year low of $8.70 and a 1-year high of $18.63. The stock has a market capitalization of $556.93 million, a PE ratio of 66.06 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The business earned $26.70 million during the quarter, compared to analysts’ expectations of $25.66 million. During the same quarter in the prior year, the firm earned $0.18 EPS. PDF Solutions’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts forecast that PDF Solutions will post $0.68 earnings per share for the current year.
In other news, VP Cornelis Hartgring sold 15,631 shares of PDF Solutions stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $16.66, for a total value of $260,412.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory C. Walker sold 2,382 shares of PDF Solutions stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $40,494.00. The disclosure for this sale can be found here. 16.20% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Springbank Value Partners LP boosted its position in PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock valued at $175,000 after buying an additional 918 shares during the last quarter. BlackRock Advisors LLC boosted its position in PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock valued at $184,000 after buying an additional 591 shares during the last quarter. Nationwide Fund Advisors boosted its position in PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock valued at $276,000 after buying an additional 1,136 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in PDF Solutions during the second quarter valued at approximately $302,000. 73.46% of the stock is owned by institutional investors and hedge funds.
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