PDF Solutions Inc. (PDFS) Price Target Raised to $30.00 at DA Davidson
PDF Solutions Inc. (NASDAQ:PDFS) had its target price raised by analysts at DA Davidson from $20.00 to $30.00 in a research report issued on Thursday. DA Davidson’s price objective would suggest a potential upside of 68.82% from the company’s current price.
PDFS has been the topic of a number of other research reports. Zacks Investment Research upgraded PDF Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, June 30th. Craig Hallum cut PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Friday, July 29th.
Shares of PDF Solutions (NASDAQ:PDFS) opened at 17.77 on Thursday. The firm has a 50-day moving average price of $17.14 and a 200-day moving average price of $15.08. PDF Solutions has a 1-year low of $8.70 and a 1-year high of $18.63. The stock has a market capitalization of $556.93 million, a PE ratio of 66.06 and a beta of 1.58.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/pdf-solutions-inc-pdfs-price-target-raised-to-30-00-at-da-davidson.html
PDF Solutions (NASDAQ:PDFS) last posted its 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 business earned $26.70 million during the quarter, compared to analysts’ expectations of $25.66 million. During the same quarter in the prior year, the firm earned $0.18 EPS. PDF Solutions’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts forecast that PDF Solutions will post $0.68 earnings per share for the current year.
In other news, VP Cornelis Hartgring sold 15,631 shares of PDF Solutions stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $16.66, for a total value of $260,412.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory C. Walker sold 2,382 shares of PDF Solutions stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $40,494.00. The disclosure for this sale can be found here. 16.20% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Springbank Value Partners LP boosted its position in PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock valued at $175,000 after buying an additional 918 shares during the last quarter. BlackRock Advisors LLC boosted its position in PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock valued at $184,000 after buying an additional 591 shares during the last quarter. Nationwide Fund Advisors boosted its position in PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock valued at $276,000 after buying an additional 1,136 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in PDF Solutions during the second quarter valued at approximately $302,000. 73.46% of the stock is 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.
Receive News & Ratings for PDF Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDF Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.