PDF Solutions (NASDAQ:PDFS) Downgraded to “Hold” at Zacks Investment Research

PDF Solutions (NASDAQ:PDFS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “

Several other equities analysts have also recently commented on the stock. Northland Securities restated a “buy” rating on shares of PDF Solutions in a research report on Wednesday, October 16th. ValuEngine cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Craig Hallum upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating and set a $23.50 target price for the company in a research report on Wednesday, October 16th. Finally, BidaskClub upgraded shares of PDF Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.83.

Shares of NASDAQ:PDFS opened at $15.63 on Thursday. The firm has a 50 day moving average of $13.24 and a 200-day moving average of $12.81. The stock has a market capitalization of $500.59 million, a PE ratio of -65.13 and a beta of 1.25. PDF Solutions has a 12 month low of $7.56 and a 12 month high of $15.79.

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

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of PDF Solutions by 15.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,764 shares of the technology company’s stock valued at $101,000 after purchasing an additional 1,010 shares during the last quarter. Swiss National Bank grew its holdings in shares of PDF Solutions by 3.9% during the 2nd quarter. Swiss National Bank now owns 51,100 shares of the technology company’s stock valued at $670,000 after purchasing an additional 1,900 shares during the last quarter. Aperio Group LLC bought a new stake in shares of PDF Solutions during the 2nd quarter valued at approximately $25,000. Bank of Montreal Can bought a new stake in shares of PDF Solutions during the 2nd quarter valued at approximately $30,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PDF Solutions by 4.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 163,436 shares of the technology company’s stock valued at $2,145,000 after purchasing an additional 6,539 shares during the last quarter. 78.33% of the stock is currently owned by institutional investors.

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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