DA Davidson Trims PDF Solutions (PDFS) Target Price to $26.00

PDF Solutions (NASDAQ:PDFS) had its price objective trimmed by DA Davidson to $26.00 in a research report released on Friday morning. The firm currently has a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of PDF Solutions from a sell rating to a hold rating in a report on Saturday, November 25th. BidaskClub cut shares of PDF Solutions from a hold rating to a sell rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research cut shares of PDF Solutions from a hold rating to a sell rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $22.00.

Shares of PDF Solutions (NASDAQ PDFS) opened at $11.66 on Friday. The firm has a market cap of $372.51, a PE ratio of -388.67, a price-to-earnings-growth ratio of 4.55 and a beta of 1.25. PDF Solutions has a fifty-two week low of $11.48 and a fifty-two week high of $23.93.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The business had revenue of $26.80 million for the quarter, compared to analysts’ expectations of $26.50 million. PDF Solutions had a negative net margin of 1.31% and a negative return on equity of 0.67%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. analysts forecast that PDF Solutions will post 0.16 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of PDFS. BlackRock Inc. boosted its holdings in PDF Solutions by 99.7% in the fourth quarter. BlackRock Inc. now owns 3,541,188 shares of the technology company’s stock worth $55,596,000 after purchasing an additional 1,767,884 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in PDF Solutions in the fourth quarter worth approximately $15,770,000. FMR LLC boosted its holdings 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. Bank of New York Mellon Corp boosted its holdings in PDF Solutions by 110.7% in the fourth quarter. Bank of New York Mellon Corp now owns 347,526 shares of the technology company’s stock worth $5,456,000 after purchasing an additional 182,576 shares during the last quarter. Finally, Cowen Prime Services LLC boosted its holdings in PDF Solutions by 15.9% in the third quarter. Cowen Prime Services LLC now owns 1,295,900 shares of the technology company’s stock worth $20,073,000 after purchasing an additional 177,717 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

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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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