PDF Solutions, Inc. (PDFS) Expected to Announce Quarterly Sales of $26.93 Million
Equities research analysts expect PDF Solutions, Inc. (NASDAQ:PDFS) to post sales of $26.93 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for PDF Solutions’ earnings, with the lowest sales estimate coming in at $26.50 million and the highest estimate coming in at $27.29 million. PDF Solutions posted sales of $27.26 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The business is expected to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that PDF Solutions will report full year sales of $26.93 million for the current year, with estimates ranging from $103.10 million to $104.34 million. For the next fiscal year, analysts expect that the company will report sales of $118.25 million per share, with estimates ranging from $111.40 million to $125.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for PDF Solutions.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The firm had revenue of $24.30 million for the quarter, compared to the consensus estimate of $26.58 million. PDF Solutions had a net margin of 5.29% and a return on equity of 2.78%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS.
A number of analysts recently commented on the company. Craig Hallum raised PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, July 12th. BidaskClub lowered PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Northland Securities set a $22.00 price target on PDF Solutions and gave the stock a “hold” rating in a research note on Sunday, July 30th. Finally, ValuEngine lowered PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. PDF Solutions presently has an average rating of “Hold” and an average price target of $23.33.
In other PDF Solutions news, Director Lucio Lanza sold 60,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now owns 318,967 shares of the company’s stock, valued at $4,784,505. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PDFS. Teachers Advisors LLC lifted its position in PDF Solutions by 2.6% during the fourth quarter. Teachers Advisors LLC now owns 43,488 shares of the technology company’s stock valued at $981,000 after buying an additional 1,088 shares during the period. Wells Fargo & Company MN lifted its position in PDF Solutions by 8.6% during the first quarter. Wells Fargo & Company MN now owns 41,795 shares of the technology company’s stock valued at $945,000 after buying an additional 3,325 shares during the period. Sei Investments Co. lifted its position in PDF Solutions by 4.4% during the first quarter. Sei Investments Co. now owns 8,800 shares of the technology company’s stock valued at $199,000 after buying an additional 372 shares during the period. TD Asset Management Inc. lifted its position in PDF Solutions by 7.4% during the first quarter. TD Asset Management Inc. now owns 33,500 shares of the technology company’s stock valued at $758,000 after buying an additional 2,300 shares during the period. Finally, State of Wisconsin Investment Board purchased a new position in PDF Solutions during the first quarter valued at $1,405,000. 82.45% of the stock is owned by institutional investors and hedge funds.
PDF Solutions (NASDAQ:PDFS) opened at 14.86 on Friday. The firm has a market cap of $480.47 million, a P/E ratio of 87.93 and a beta of 1.43. The company’s 50 day moving average is $15.88 and its 200-day moving average is $18.53. PDF Solutions has a 52-week low of $14.11 and a 52-week high of $24.44.
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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