Zacks Investment Research Downgrades PDF Solutions Inc. (PDFS) to Sell
PDF Solutions Inc. (NASDAQ:PDFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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 price target for the company. in a report on Friday, July 29th.
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PDF Solutions (NASDAQ:PDFS) opened at 18.41 on Tuesday. The firm has a 50 day moving average of $17.10 and a 200-day moving average of $15.04. The company has a market capitalization of $576.99 million, a price-to-earnings ratio of 68.44 and a beta of 1.58. PDF Solutions has a 1-year low of $8.70 and a 1-year high of $18.63.
PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The firm had revenue of $26.70 million for the quarter, compared to the consensus estimate of $25.66 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that PDF Solutions will post $0.68 earnings per share for the current fiscal year.
In other PDF Solutions news, CFO Gregory C. Walker sold 2,665 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $15.90, for a total transaction of $42,373.50. Following the transaction, the chief financial officer now directly owns 20,528 shares of the company’s stock, valued at approximately $326,395.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory C. Walker sold 2,382 shares of the business’s stock in a transaction on 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. Company insiders own 16.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position 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. Highbridge Capital Management LLC bought a new position in shares of PDF Solutions during the second quarter worth about $424,000. Lyon Street Capital LLC increased its position in shares of PDF Solutions by 45.3% in the second quarter. Lyon Street Capital LLC now owns 857,515 shares of the company’s stock worth $11,997,000 after buying an additional 267,409 shares during the last quarter. Harber Asset Management LLC increased its position in shares of PDF Solutions by 9.5% in the second quarter. Harber Asset Management LLC now owns 310,726 shares of the company’s stock worth $4,347,000 after buying an additional 26,923 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of PDF Solutions by 9.8% in the second quarter. Parametric Portfolio Associates LLC now owns 214,822 shares of the company’s stock worth $3,005,000 after buying an additional 19,138 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.
About PDF Solutions
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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