Analysts Set PDF Solutions, Inc. (NASDAQ:PDFS) PT at $13.00

PDF Solutions, Inc. (NASDAQ:PDFS) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.00.

Several equities research analysts recently commented on the company. BidaskClub downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Northland Securities reiterated a “buy” rating on shares of PDF Solutions in a report on Friday, August 2nd. Finally, ValuEngine downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in PDF Solutions by 2,676.8% during the 2nd quarter. Morgan Stanley now owns 243,301 shares of the technology company’s stock valued at $3,192,000 after acquiring an additional 234,539 shares during the period. Invesco Ltd. boosted its holdings in PDF Solutions by 2,558.7% during the 2nd quarter. Invesco Ltd. now owns 3,118,770 shares of the technology company’s stock valued at $40,918,000 after acquiring an additional 3,001,465 shares during the period. AMP Capital Investors Ltd purchased a new position in PDF Solutions during the 2nd quarter valued at $138,000. A.R.T. Advisors LLC purchased a new stake in shares of PDF Solutions in the 2nd quarter worth $253,000. Finally, BlackRock Inc. lifted its holdings in shares of PDF Solutions by 1.9% in the 2nd quarter. BlackRock Inc. now owns 4,228,214 shares of the technology company’s stock worth $55,475,000 after buying an additional 77,535 shares during the period. Institutional investors own 84.30% of the company’s stock.

Shares of NASDAQ:PDFS traded down $0.20 on Wednesday, hitting $11.42. 121,500 shares of the company traded hands, compared to its average volume of 139,697. PDF Solutions has a 52 week low of $7.56 and a 52 week high of $14.00. The business has a 50 day moving average price of $12.87. The company has a market capitalization of $372.12 million, a P/E ratio of -47.58 and a beta of 1.32.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PDF Solutions had a negative net margin of 10.61% and a negative return on equity of 4.34%. The company had revenue of $20.57 million for the quarter, compared to the consensus estimate of $21.43 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. PDF Solutions’s revenue was down 2.6% compared to the same quarter last year. Analysts predict that PDF Solutions will post -0.12 EPS for the current fiscal year.

About PDF Solutions

PDF Solutions, Inc provides hardware, software, and intellectual property products to integrated circuit (IC) vendors in the United States, China, Taiwan, Germany, and internationally. It offers Exensio platform, which consists of Exensio-Yield that collects and stores yield data in an analysis-ready database, which enables product engineers to identify and analyze production yield, performance, reliability, and other issues; Exensio-Control, which provides fault detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Exensio-Test that offers data collection and analysis capability; Exensio Characterization, which encapsulates test structure analysis functionality of electrical and in-line inspection data from CV test chips and design-for-inspection DFI on-chip instruments; and Exensio ALPS that provides device manufacturers with the capability to link all device data, including fabrication and characterization data from every step of the product life cycle.

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