The PDF Solutions Inc. (PDFS) Shares Up 1.9% Following Analyst Upgrade

The PDF Solutions Inc. (PDFS) Shares Up 1.9% Following Analyst Upgrade

Shares of PDF Solutions Inc. (NASDAQ:PDFS) shot up 1.9% on Thursday after DA Davidson raised their price target on the stock from $20.00 to $30.00. DA Davidson currently has a buy rating on the stock. PDF Solutions traded as high as $18.26 and last traded at $18.11, with a volume of 89,669 shares. The stock had previously closed at $17.77.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. Craig Hallum cut shares of PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Friday, July 29th.

In other PDF Solutions news, CFO Gregory C. Walker sold 2,382 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total transaction of $40,494.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Cornelis Hartgring sold 14,031 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.66, for a total transaction of $233,756.46. The disclosure for this sale can be found here. Company insiders own 16.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Springbank Value Partners LP boosted its stake in shares of PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock worth $134,000 after buying an additional 2,000 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock worth $175,000 after buying an additional 918 shares during the period. BlackRock Advisors LLC boosted its stake in shares of PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock worth $184,000 after buying an additional 591 shares during the period. Nationwide Fund Advisors boosted its stake in shares of PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock worth $276,000 after buying an additional 1,136 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of PDF Solutions during the second quarter worth approximately $302,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market cap of $567.59 million, a price-to-earnings ratio of 67.32 and a beta of 1.58. The company’s 50 day moving average price is $17.14 and its 200 day moving average price is $15.08.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.66 million. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Equities analysts expect that PDF Solutions Inc. will post $0.68 EPS for the current fiscal year.

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