PDF Solutions, Inc. (NASDAQ:PDFS) released its quarterly earnings results on Wednesday. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $26.50 million for the quarter, compared to the consensus estimate of $26.67 million. PDF Solutions had a net margin of 5.29% and a return on equity of 2.78%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 earnings per share.
PDF Solutions (NASDAQ:PDFS) traded up 1.35% during midday trading on Thursday, hitting $15.76. The company’s stock had a trading volume of 139,253 shares. PDF Solutions has a one year low of $14.11 and a one year high of $24.44. The company’s 50-day moving average is $15.43 and its 200 day moving average is $16.96. The company has a market cap of $509.57 million, a price-to-earnings ratio of 93.25 and a beta of 1.40.
In other news, Director Lucio Lanza sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $15.00, for a total transaction of $900,000.00. Following the completion of the sale, the director now owns 318,967 shares in the company, valued at approximately $4,784,505. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.20% of the company’s stock.
A number of equities research analysts have issued reports on the company. Craig Hallum upgraded PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, July 12th. BidaskClub downgraded PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Northland Securities set a $22.00 price target on PDF Solutions and gave the company a “hold” rating in a research note on Sunday, July 30th. Finally, Zacks Investment Research upgraded PDF Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.00.
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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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