PDF Solutions (NASDAQ:PDFS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday.
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 brokerages also recently commented on PDFS. BidaskClub raised PDF Solutions from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. TheStreet downgraded PDF Solutions from a “c-” rating to a “d+” rating in a research note on Thursday, September 6th. DA Davidson dropped their price target on PDF Solutions from $18.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, August 29th. Finally, ValuEngine downgraded PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.00.
PDF Solutions stock traded up $0.10 during mid-day trading on Wednesday, hitting $8.50. 4,442 shares of the company’s stock were exchanged, compared to its average volume of 247,924. The company has a market capitalization of $261.30 million, a PE ratio of -213.25 and a beta of 1.11. PDF Solutions has a fifty-two week low of $7.56 and a fifty-two week high of $18.48.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The business had revenue of $21.12 million for the quarter, compared to analyst estimates of $22.95 million. PDF Solutions had a negative return on equity of 2.28% and a negative net margin of 4.60%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. Equities research analysts predict that PDF Solutions will post -0.2 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP acquired a new stake in shares of PDF Solutions in the 3rd quarter valued at about $314,000. Russell Investments Group Ltd. grew its holdings in shares of PDF Solutions by 26.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 63,298 shares of the technology company’s stock valued at $572,000 after acquiring an additional 13,196 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of PDF Solutions by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 329,744 shares of the technology company’s stock valued at $3,951,000 after acquiring an additional 10,658 shares in the last quarter. Divisar Capital Management LLC grew its holdings in shares of PDF Solutions by 2.8% in the 2nd quarter. Divisar Capital Management LLC now owns 1,452,205 shares of the technology company’s stock valued at $17,397,000 after acquiring an additional 39,129 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in shares of PDF Solutions by 99.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,004,835 shares of the technology company’s stock valued at $24,018,000 after acquiring an additional 999,845 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
About PDF Solutions
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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