PDF Solutions, Inc. (NASDAQ:PDFS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other brokerages also recently commented on PDFS. Northland Securities raised PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded PDF Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Craig Hallum downgraded PDF Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $18.00 in a research report on Friday, July 28th. Finally, BidaskClub downgraded PDF Solutions from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.00.

PDF Solutions (PDFS) opened at $17.57 on Friday. The company has a market capitalization of $534.16, a P/E ratio of 119.43, a price-to-earnings-growth ratio of 26.13 and a beta of 1.38. PDF Solutions has a 1 year low of $14.11 and a 1 year high of $24.44.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The business had revenue of $26.50 million during the quarter, compared to the consensus estimate of $26.67 million. PDF Solutions had a return on equity of 2.10% and a net margin of 4.08%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. equities analysts predict that PDF Solutions will post 0.04 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in PDF Solutions by 9.8% in the 1st 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 during the period. UBS Asset Management Americas Inc. bought a new position in PDF Solutions in the 2nd quarter worth approximately $178,000. Sei Investments Co. increased its position in shares of PDF Solutions by 30.3% during the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,669 shares during the period. Voya Investment Management LLC increased its position in shares of PDF Solutions by 11.0% during the second quarter. Voya Investment Management LLC now owns 15,684 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,557 shares during the period. Finally, Aperio Group LLC bought a new stake in shares of PDF Solutions during the second quarter valued at approximately $259,000. 83.24% of the stock is currently owned by institutional investors.

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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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