PDF Solutions (NASDAQ:PDFS) Earns Buy Rating from Rosenblatt Securities

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a research report issued on Friday,Benzinga reports. They currently have a $40.00 price target on the technology company’s stock. Rosenblatt Securities’ price objective points to a potential upside of 20.63% from the stock’s current price.

Separately, DA Davidson reissued a “buy” rating and issued a $42.00 target price on shares of PDF Solutions in a report on Wednesday, August 28th.

PDF Solutions Price Performance

NASDAQ PDFS traded up $1.04 during trading hours on Friday, reaching $33.16. 338,237 shares of the company’s stock traded hands, compared to its average volume of 161,279. PDF Solutions has a 52-week low of $27.69 and a 52-week high of $39.70. The firm has a 50-day simple moving average of $29.88 and a 200 day simple moving average of $32.48. The firm has a market cap of $1.28 billion, a PE ratio of -414.50 and a beta of 1.49.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $41.66 million during the quarter, compared to analyst estimates of $41.60 million. PDF Solutions had a negative net margin of 1.67% and a positive return on equity of 2.78%. Sell-side analysts forecast that PDF Solutions will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

A number of institutional investors have recently made changes to their positions in PDFS. Janus Henderson Group PLC raised its position in PDF Solutions by 20.9% in the 1st quarter. Janus Henderson Group PLC now owns 562,326 shares of the technology company’s stock worth $18,934,000 after buying an additional 97,060 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in PDF Solutions by 13.9% in the second quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after purchasing an additional 90,789 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PDF Solutions by 2.5% in the first quarter. Vanguard Group Inc. now owns 3,168,212 shares of the technology company’s stock worth $106,674,000 after purchasing an additional 78,543 shares during the last quarter. Herald Investment Management Ltd purchased a new stake in PDF Solutions during the 2nd quarter valued at $2,725,000. Finally, Roubaix Capital LLC raised its stake in PDF Solutions by 111.9% during the 1st quarter. Roubaix Capital LLC now owns 98,118 shares of the technology company’s stock valued at $3,304,000 after buying an additional 51,812 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.