PDF Solutions (NASDAQ:PDFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, March 14th.
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. “
PDFS has been the subject of several other reports. ValuEngine downgraded shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub downgraded shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 16th. Finally, DA Davidson cut their price objective on shares of PDF Solutions to $26.00 and set a “buy” rating for the company in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. PDF Solutions presently has an average rating of “Hold” and an average target price of $22.00.
NASDAQ:PDFS traded down $0.23 on Wednesday, hitting $11.17. The stock had a trading volume of 140,762 shares, compared to its average volume of 154,902. PDF Solutions has a 1 year low of $11.07 and a 1 year high of $23.93. The firm has a market cap of $368.17, a price-to-earnings ratio of -279.25, a price-to-earnings-growth ratio of 10.18 and a beta of 1.31.
PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, February 15th. The technology company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. PDF Solutions had a negative net margin of 1.31% and a negative return on equity of 0.67%. The firm had revenue of $26.80 million during the quarter, compared to the consensus estimate of $26.50 million. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. analysts expect that PDF Solutions will post 0.07 earnings per share for the current year.
A number of large investors have recently made changes to their positions in PDFS. Municipal Employees Retirement System of Michigan bought a new position in PDF Solutions in the 4th quarter valued at $165,000. Louisiana State Employees Retirement System purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $185,000. MetLife Investment Advisors LLC purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $214,000. Sei Investments Co. raised its position in shares of PDF Solutions by 41.0% during the 3rd quarter. Sei Investments Co. now owns 16,167 shares of the technology company’s stock valued at $250,000 after buying an additional 4,698 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of PDF Solutions by 11.0% during the 2nd quarter. Voya Investment Management LLC now owns 15,684 shares of the technology company’s stock valued at $258,000 after buying an additional 1,557 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
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PDF Solutions Company Profile
PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.
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