PDF Solutions Inc. (NASDAQ:PDFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
A number of other equities research analysts have also issued reports on the company. DA Davidson increased their price target on PDF Solutions from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, October 13th. Craig Hallum lowered PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Friday, July 29th.
PDF Solutions (NASDAQ:PDFS) traded up 0.67% during mid-day trading on Wednesday, reaching $23.93. 187,954 shares of the company were exchanged. The company has a market capitalization of $753.41 million, a price-to-earnings ratio of 85.46 and a beta of 1.37. PDF Solutions has a 1-year low of $8.70 and a 1-year high of $24.35. The company has a 50 day moving average of $19.92 and a 200-day moving average of $16.69.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. PDF Solutions had a return on equity of 6.05% and a net margin of 8.69%. The business earned $27.30 million during the quarter, compared to analyst estimates of $26.49 million. During the same quarter in the prior year, the business posted $0.18 EPS. PDF Solutions’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that PDF Solutions will post $0.68 EPS for the current year.
In other PDF Solutions news, CFO Gregory C. Walker sold 6,229 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $19.85, for a total transaction of $123,645.65. Following the completion of the transaction, the chief financial officer now owns 13,972 shares of the company’s stock, valued at approximately $277,344.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory C. Walker sold 2,665 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $15.90, for a total transaction of $42,373.50. Following the transaction, the chief financial officer now directly owns 20,528 shares of the company’s stock, valued at approximately $326,395.20. The disclosure for this sale can be found here. Company insiders own 16.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDFS. Price T Rowe Associates Inc. MD increased its position in PDF Solutions by 82.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,571,735 shares of the company’s stock valued at $46,728,000 after buying an additional 1,163,704 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of PDF Solutions during the second quarter worth approximately $10,823,000. Lyon Street Capital LLC increased its position in shares of PDF Solutions by 45.3% in the second quarter. Lyon Street Capital LLC now owns 857,515 shares of the company’s stock worth $11,997,000 after buying an additional 267,409 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of PDF Solutions by 1,700.4% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 225,518 shares of the company’s stock worth $4,098,000 after buying an additional 212,992 shares during the last quarter. Finally, Falcon Point Capital LLC increased its position in shares of PDF Solutions by 22.9% in the third quarter. Falcon Point Capital LLC now owns 915,854 shares of the company’s stock worth $18,088,000 after buying an additional 170,473 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
PDF Solutions Company Profile
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.