PDF Solutions Inc. (PDFS) Price Target Raised to $30.00
PDF Solutions Inc. (NASDAQ:PDFS) had its price target raised by DA Davidson from $20.00 to $30.00 in a report issued on Thursday. DA Davidson’s price target points to a potential upside of 68.82% from the company’s current price.
PDFS has been the topic of several other reports. Zacks Investment Research lowered PDF Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Craig Hallum lowered PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Friday, July 29th.
Shares of PDF Solutions (NASDAQ:PDFS) opened at 17.77 on Thursday. The stock has a 50 day moving average price of $17.14 and a 200 day moving average price of $15.08. PDF Solutions has a 12-month low of $8.70 and a 12-month high of $18.63. The firm has a market cap of $556.93 million, a P/E ratio of 66.06 and a beta of 1.58.
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PDF Solutions (NASDAQ:PDFS) last issued its quarterly 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. 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 analyst estimates of $25.66 million. During the same period last year, the firm posted $0.18 earnings per share. PDF Solutions’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities analysts expect that PDF Solutions will post $0.68 earnings per share for the current year.
In related news, VP Cornelis Hartgring sold 14,031 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.66, for a total transaction of $233,756.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory C. Walker sold 2,382 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was 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. Corporate insiders own 16.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new position in shares of PDF Solutions during the second quarter worth about $10,823,000. 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 period. Royce & Associates LP increased its position in shares of PDF Solutions by 34.6% in the first quarter. Royce & Associates LP now owns 616,200 shares of the company’s stock worth $8,245,000 after buying an additional 158,500 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of PDF Solutions during the first quarter worth about $1,313,000. Finally, Dimensional Fund Advisors LP increased its position in shares of PDF Solutions by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,018,227 shares of the company’s stock worth $14,245,000 after buying an additional 95,051 shares during the period. Institutional investors and hedge funds 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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