PDF Solutions Inc. (PDFS) Shares Up 1.9% Following Analyst Upgrade
Shares of PDF Solutions Inc. (NASDAQ:PDFS) shot up 1.9% on Thursday after DA Davidson raised their price target on the stock from $20.00 to $30.00. DA Davidson currently has a buy rating on the stock. PDF Solutions traded as high as $18.26 and last traded at $18.11, with a volume of 89,669 shares. The stock had previously closed at $17.77.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. Craig Hallum cut shares of PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Friday, July 29th.
In other PDF Solutions news, CFO Gregory C. Walker sold 2,382 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Cornelis Hartgring sold 14,031 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.66, for a total transaction of $233,756.46. The disclosure for this sale can be found here. Company insiders own 16.20% of the company’s stock.
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A number of hedge funds have recently modified their holdings of the stock. Springbank Value Partners LP boosted 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 period. Gilder Gagnon Howe & Co. LLC boosted 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 period. BlackRock Advisors LLC boosted 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 period. Nationwide Fund Advisors boosted 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 period. Finally, Citadel Advisors LLC purchased a new stake in shares of PDF Solutions during the second quarter worth approximately $302,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.
The stock has a market cap of $567.59 million, a price-to-earnings ratio of 67.32 and a beta of 1.58. The company’s 50 day moving average price is $17.14 and its 200 day moving average price is $15.08.
PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.66 million. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The business’s quarterly 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 Inc. will post $0.68 EPS for the current fiscal year.
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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