Zacks Investment Research Upgrades PDF Solutions, Inc. (PDFS) to Hold

PDF Solutions, Inc. (NASDAQ:PDFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Several other research analysts also recently weighed in on PDFS. BidaskClub downgraded shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Craig Hallum downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $18.00 in a research report on Friday, July 28th. Finally, Northland Securities set a $22.00 target price on shares of PDF Solutions and gave the stock a “hold” rating in a research report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. PDF Solutions presently has an average rating of “Hold” and an average price target of $23.33.

Shares of PDF Solutions (NASDAQ:PDFS) traded down 1.78% during mid-day trading on Tuesday, hitting $15.98. 27,362 shares of the company’s stock traded hands. The stock has a market cap of $516.68 million, a P/E ratio of 94.56 and a beta of 1.40. The stock has a 50 day moving average price of $15.08 and a 200-day moving average price of $17.67. PDF Solutions has a 1-year low of $14.11 and a 1-year high of $24.44.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The business had revenue of $24.30 million for the quarter, compared to the consensus estimate of $26.58 million. PDF Solutions had a net margin of 5.29% and a return on equity of 2.78%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts anticipate that PDF Solutions will post $0.43 EPS for the current fiscal year.

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In other PDF Solutions news, Director Lucio Lanza sold 60,000 shares of PDF Solutions stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.00, for a total value of $900,000.00. Following the completion of the sale, the director now directly owns 318,967 shares in the company, valued at $4,784,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PDFS. UBS Asset Management Americas Inc. acquired a new stake in PDF Solutions in the second quarter valued at approximately $178,000. Sei Investments Co. lifted its stake in PDF Solutions by 30.3% in the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock valued at $189,000 after acquiring an additional 2,669 shares during the last quarter. Bank of America Corp DE lifted its stake in PDF Solutions by 9.8% in the first quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock valued at $212,000 after acquiring an additional 833 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in PDF Solutions in the first quarter valued at approximately $222,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in PDF Solutions in the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About PDF Solutions

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.

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