PDF Solutions Inc. (NASDAQ:PDFS) shares saw unusually-high trading volume on Friday after DA Davidson raised their price target on the stock from $20.00 to $30.00. DA Davidson currently has a buy rating on the stock. Approximately 184,301 shares traded hands during trading, an increase of 47% from the previous session’s volume of 125,400 shares.The stock last traded at $18.00 and had previously closed at $18.11.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised PDF Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, June 30th. Craig Hallum downgraded PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Friday, July 29th.
In related news, VP Cornelis Hartgring sold 14,031 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $16.66, for a total value of $233,756.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory C. Walker sold 2,665 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $15.90, for a total transaction of $42,373.50. Following the completion of the sale, the chief financial officer now owns 20,528 shares of the company’s stock, valued at approximately $326,395.20. The disclosure for this sale can be found here. 16.20% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in PDF Solutions by 169.9% in the second quarter. GSA Capital Partners LLP now owns 74,575 shares of the company’s stock valued at $1,043,000 after buying an additional 46,943 shares during the last quarter. Cadence Capital Management LLC bought a new stake in PDF Solutions during the second quarter valued at $796,000. Emerald Acquisition Ltd. bought a new stake in PDF Solutions during the second quarter valued at $10,823,000. Palisade Capital Management LLC NJ boosted its stake in PDF Solutions by 29.6% in the second quarter. Palisade Capital Management LLC NJ now owns 215,250 shares of the company’s stock valued at $3,011,000 after buying an additional 49,200 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in 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 during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
The firm’s 50 day moving average is $17.19 and its 200-day moving average is $15.14. The company has a market capitalization of $564.45 million, a price-to-earnings ratio of 66.95 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The company earned $26.70 million during the quarter, compared to the consensus estimate of $25.66 million. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, equities analysts forecast that PDF Solutions Inc. will post $0.68 EPS for the current year.
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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