PDF Solutions (NASDAQ:PDFS) Stock Rating Lowered by BidaskClub

PDF Solutions (NASDAQ:PDFS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, December 27th.

PDFS has been the topic of several other research reports. ValuEngine raised PDF Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, November 25th. Zacks Investment Research raised PDF Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Northland Securities raised PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.00.

PDF Solutions (PDFS) opened at $15.68 on Wednesday. The stock has a market capitalization of $500.94, a P/E ratio of 120.62, a P/E/G ratio of 6.13 and a beta of 1.47. PDF Solutions has a 1 year low of $14.11 and a 1 year high of $23.93.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $26.50 million for the quarter, compared to analysts’ expectations of $26.67 million. PDF Solutions had a net margin of 4.08% and a return on equity of 2.10%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. analysts predict that PDF Solutions will post 0.04 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC boosted its position in PDF Solutions by 154.7% in the second quarter. FMR LLC now owns 1,648,594 shares of the technology company’s stock worth $27,119,000 after purchasing an additional 1,001,408 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PDF Solutions by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,335,084 shares of the technology company’s stock valued at $20,680,000 after buying an additional 52,067 shares during the last quarter. Cowen Prime Services LLC lifted its position in shares of PDF Solutions by 15.9% during the 3rd quarter. Cowen Prime Services LLC now owns 1,295,900 shares of the technology company’s stock valued at $20,073,000 after buying an additional 177,717 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of PDF Solutions by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,176,585 shares of the technology company’s stock valued at $19,356,000 after buying an additional 54,358 shares during the last quarter. Finally, Divisar Capital Management LLC lifted its position in shares of PDF Solutions by 97.9% during the 2nd quarter. Divisar Capital Management LLC now owns 821,968 shares of the technology company’s stock valued at $13,521,000 after buying an additional 406,621 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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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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