PDF Solutions Inc. (PDFS) Downgraded by Zacks Investment Research
PDF Solutions Inc. (NASDAQ:PDFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
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. “
Separately, Craig Hallum lowered shares of PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Friday, July 29th.
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Shares of PDF Solutions (NASDAQ:PDFS) opened at 18.41 on Tuesday. PDF Solutions has a 12-month low of $8.70 and a 12-month high of $18.63. The stock’s 50 day moving average is $17.10 and its 200-day moving average is $15.04. The stock has a market cap of $576.99 million, a PE ratio of 68.44 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm earned $26.70 million during the quarter, compared to the consensus estimate of $25.66 million. PDF Solutions had a return on equity of 5.94% and a net margin of 8.59%. PDF Solutions’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Equities analysts expect that PDF Solutions will post $0.68 EPS for the current year.
In related news, VP Cornelis Hartgring sold 14,031 shares of PDF Solutions stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $16.66, for a total transaction of $233,756.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory C. Walker sold 2,382 shares of PDF Solutions stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total transaction of $40,494.00. The disclosure for this sale can be found here. Corporate insiders own 16.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its stake in shares of PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock worth $184,000 after buying an additional 591 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock worth $175,000 after buying an additional 918 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock worth $276,000 after buying an additional 1,136 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of PDF Solutions by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 95,776 shares of the company’s stock worth $1,340,000 after buying an additional 1,344 shares during the last quarter. Finally, Springbank Value Partners LP raised its stake in shares of PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock worth $134,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.
PDF Solutions Company Profile
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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