PDF Solutions Inc. (NASDAQ:PDFS) had its price objective raised by DA Davidson from $20.00 to $30.00 in a research note issued to investors on Thursday morning. The brokerage currently has a buy rating on the stock.
PDFS has been the topic of several other research reports. Zacks Investment Research raised shares of PDF Solutions from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Thursday, June 30th. Craig Hallum downgraded shares of PDF Solutions from a buy rating to a hold rating and set a $17.00 price target on the stock. in a research note on Friday, July 29th.
Shares of PDF Solutions (NASDAQ:PDFS) opened at 17.95 on Thursday. The stock has a market capitalization of $562.57 million, a PE ratio of 66.73 and a beta of 1.58. PDF Solutions has a one year low of $8.70 and a one year high of $18.63. The stock has a 50 day moving average of $17.24 and a 200-day moving average of $15.22.
PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. PDF Solutions had a return on equity of 5.94% and a net margin of 8.59%. The firm had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.66 million. During the same period last year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts predict that PDF Solutions will post $0.68 earnings per share for the current fiscal year.
In other PDF Solutions news, CFO Gregory C. Walker sold 2,382 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total transaction of $40,494.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory C. Walker sold 2,665 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $15.90, for a total transaction of $42,373.50. Following the transaction, the chief financial officer now directly owns 20,528 shares of the company’s stock, valued at $326,395.20. The disclosure for this sale can be found here. Company insiders own 16.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Springbank Value Partners LP raised its position in shares of PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock valued at $175,000 after buying an additional 918 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock valued at $184,000 after buying an additional 591 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock valued at $276,000 after buying an additional 1,136 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of PDF Solutions during the second quarter valued at $302,000. 73.46% of the stock is owned by institutional investors.
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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