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

BidaskClub downgraded shares of PDF Solutions (NASDAQ:PDFS) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday, BidAskClub reports.

Several other analysts have also issued reports on the company. ValuEngine lowered PDF Solutions from a buy rating to a hold rating in a report on Tuesday, August 6th. Northland Securities reiterated a buy rating and set a $16.00 target price on shares of PDF Solutions in a report on Tuesday, September 17th. Finally, Zacks Investment Research lowered PDF Solutions from a buy rating to a hold rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $15.50.

PDFS traded up $0.11 on Tuesday, hitting $13.07. 1,765 shares of the company were exchanged, compared to its average volume of 99,958. PDF Solutions has a 12 month low of $7.56 and a 12 month high of $14.00. The company has a market cap of $416.89 million, a PE ratio of -54.42 and a beta of 1.25. The stock’s fifty day moving average is $12.38 and its 200-day moving average is $12.70.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). PDF Solutions had a negative return on equity of 4.34% and a negative net margin of 10.61%. 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 company posted $0.02 EPS. The business’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts predict that PDF Solutions will post -0.12 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its stake in PDF Solutions by 125.9% in the third quarter. State of Alaska Department of Revenue now owns 21,434 shares of the technology company’s stock valued at $280,000 after buying an additional 11,944 shares during the period. Needham Investment Management LLC raised its stake in PDF Solutions by 1.2% in the second quarter. Needham Investment Management LLC now owns 1,316,100 shares of the technology company’s stock valued at $17,268,000 after buying an additional 16,000 shares during the period. Morgan Stanley raised its stake in PDF Solutions by 2,676.8% in the second quarter. Morgan Stanley now owns 243,301 shares of the technology company’s stock valued at $3,192,000 after buying an additional 234,539 shares during the period. Invesco Ltd. raised its stake in PDF Solutions by 2,558.7% in the second quarter. Invesco Ltd. now owns 3,118,770 shares of the technology company’s stock valued at $40,918,000 after buying an additional 3,001,465 shares during the period. Finally, AMP Capital Investors Ltd bought a new stake in PDF Solutions in the second quarter valued at approximately $138,000. Hedge funds and other institutional investors own 78.30% of the company’s stock.

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.

Read More: What does RSI mean?

Receive News & Ratings for PDF Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDF Solutions and related companies with MarketBeat.com's FREE daily email newsletter.