BidaskClub Upgrades PDF Solutions (PDFS) to “Hold”

PDF Solutions (NASDAQ:PDFS) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other research analysts also recently commented on PDFS. ValuEngine upgraded PDF Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Zacks Investment Research upgraded PDF Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 31st. DA Davidson decreased their price target on PDF Solutions from $18.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. Finally, TheStreet downgraded PDF Solutions from a “c-” rating to a “d+” rating in a research note on Thursday, September 6th. Four research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $13.00.

Shares of NASDAQ PDFS opened at $9.27 on Tuesday. PDF Solutions has a one year low of $7.56 and a one year high of $17.38. The stock has a market capitalization of $298.54 million, a price-to-earnings ratio of -231.75 and a beta of 1.13.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, November 8th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. PDF Solutions had a negative return on equity of 3.61% and a negative net margin of 7.79%. The firm had revenue of $20.21 million for the quarter, compared to the consensus estimate of $21.20 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s quarterly revenue was down 23.8% compared to the same quarter last year. As a group, equities research analysts forecast that PDF Solutions will post -0.25 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of PDF Solutions by 2.9% during the 3rd quarter. BlackRock Inc. now owns 3,982,768 shares of the technology company’s stock worth $35,964,000 after acquiring an additional 113,917 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of PDF Solutions by 99.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 2,004,835 shares of the technology company’s stock worth $24,018,000 after acquiring an additional 999,845 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PDF Solutions by 16.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,867,981 shares of the technology company’s stock worth $16,868,000 after acquiring an additional 263,986 shares in the last quarter. Divisar Capital Management LLC boosted its stake in shares of PDF Solutions by 2.8% during the 2nd quarter. Divisar Capital Management LLC now owns 1,452,205 shares of the technology company’s stock worth $17,397,000 after acquiring an additional 39,129 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of PDF Solutions by 52.2% during the 3rd quarter. Royce & Associates LP now owns 376,000 shares of the technology company’s stock worth $3,395,000 after acquiring an additional 129,000 shares in the last quarter. Institutional investors own 84.28% of the company’s stock.

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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