PDF Solutions, Inc. (PDFS) Expected to Announce Quarterly Sales of $27.72 Million
Analysts expect that PDF Solutions, Inc. (NASDAQ:PDFS) will post $27.72 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for PDF Solutions’ earnings, with the lowest sales estimate coming in at $26.50 million and the highest estimate coming in at $29.66 million. PDF Solutions reported sales of $27.26 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that PDF Solutions will report full-year sales of $27.72 million for the current year, with estimates ranging from $103.10 million to $111.79 million. For the next year, analysts anticipate that the firm will report sales of $122.12 million per share, with estimates ranging from $111.40 million to $129.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover PDF Solutions.
PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The business had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $26.58 million. PDF Solutions had a net margin of 5.29% and a return on equity of 2.80%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS.
Several equities research analysts recently weighed in on the company. BidaskClub cut PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Craig Hallum upgraded PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, July 12th. Finally, Northland Securities cut PDF Solutions from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.33.
In related news, Director Lucio Lanza sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $17.57, for a total transaction of $790,650.00. Following the completion of the sale, the director now owns 423,967 shares in the company, valued at $7,449,100.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 90,000 shares of company stock valued at $1,534,800. 16.20% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Sei Investments Co. boosted its stake in PDF Solutions by 30.3% in the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock valued at $189,000 after buying an additional 2,669 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of PDF Solutions by 9.8% in the first quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock worth $212,000 after buying an additional 833 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of PDF Solutions during the first quarter worth $222,000. Marshall Wace North America L.P. purchased a new stake in shares of PDF Solutions during the first quarter worth $222,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of PDF Solutions during the first quarter worth $225,000. Hedge funds and other institutional investors own 77.75% of the company’s stock.
Shares of PDF Solutions (PDFS) opened at 15.57 on Friday. The firm’s 50-day moving average is $17.52 and its 200 day moving average is $19.90. The stock has a market cap of $501.21 million, a PE ratio of 92.13 and a beta of 1.49. PDF Solutions has a 12 month low of $15.20 and a 12 month high of $24.44.
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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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