PDF Solutions (NASDAQ:PDFS) Rating Increased to Buy at BidaskClub

PDF Solutions (NASDAQ:PDFS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday, BidAskClub reports.

PDFS has been the topic of several other research reports. Northland Securities reissued a “buy” rating on shares of PDF Solutions in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, ValuEngine downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PDF Solutions currently has an average rating of “Buy” and an average price target of $15.00.

PDFS stock traded up $0.13 during trading on Wednesday, hitting $13.58. 2,256 shares of the company’s stock traded hands, compared to its average volume of 79,046. PDF Solutions has a 52 week low of $7.56 and a 52 week high of $14.00. The business has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $12.60. The stock has a market capitalization of $409.75 million, a price-to-earnings ratio of -56.25 and a beta of 1.35.



PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $20.57 million for the quarter, compared to the consensus estimate of $21.43 million. During the same quarter last year, the business earned $0.02 EPS. PDF Solutions’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, analysts expect that PDF Solutions will post -0.12 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of PDF Solutions by 1.9% in the second quarter. BlackRock Inc. now owns 4,228,214 shares of the technology company’s stock valued at $55,475,000 after acquiring an additional 77,535 shares during the period. Invesco Ltd. increased its stake in PDF Solutions by 2,558.7% in the 2nd quarter. Invesco Ltd. now owns 3,118,770 shares of the technology company’s stock worth $40,918,000 after buying an additional 3,001,465 shares during the period. Dimensional Fund Advisors LP increased its stake in PDF Solutions by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,948,829 shares of the technology company’s stock worth $16,429,000 after buying an additional 80,848 shares during the period. Needham Investment Management LLC increased its stake in PDF Solutions by 1.2% in the 2nd quarter. Needham Investment Management LLC now owns 1,316,100 shares of the technology company’s stock worth $17,268,000 after buying an additional 16,000 shares during the period. Finally, Cowen Prime Services LLC increased its stake in PDF Solutions by 41.9% in the 2nd quarter. Cowen Prime Services LLC now owns 1,118,900 shares of the technology company’s stock worth $14,680,000 after buying an additional 330,529 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

PDF Solutions Company Profile

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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