PDF Solutions (NASDAQ:PDFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “
Several other research firms have also commented on PDFS. DA Davidson dropped their target price on PDF Solutions to $26.00 and set a “buy” rating on the stock in a report on Friday, February 16th. BidaskClub lowered PDF Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, ValuEngine lowered PDF Solutions from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.00.
PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, February 15th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $26.80 million for the quarter, compared to analyst estimates of $26.50 million. PDF Solutions had a negative return on equity of 0.67% and a negative net margin of 1.31%. PDF Solutions’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. analysts anticipate that PDF Solutions will post 0.07 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of PDF Solutions by 99.7% during the fourth quarter. BlackRock Inc. now owns 3,541,188 shares of the technology company’s stock worth $55,596,000 after purchasing an additional 1,767,884 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PDF Solutions by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,335,084 shares of the technology company’s stock worth $20,680,000 after purchasing an additional 52,067 shares during the last quarter. Cowen Prime Services LLC grew its holdings in shares of PDF Solutions by 15.9% during the third quarter. Cowen Prime Services LLC now owns 1,295,900 shares of the technology company’s stock worth $20,073,000 after purchasing an additional 177,717 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PDF Solutions by 4.8% during the second quarter. Vanguard Group Inc. now owns 1,176,585 shares of the technology company’s stock worth $19,356,000 after purchasing an additional 54,358 shares during the last quarter. Finally, Divisar Capital Management LLC grew its holdings in shares of PDF Solutions by 2.4% during the fourth quarter. Divisar Capital Management LLC now owns 1,013,223 shares of the technology company’s stock worth $15,908,000 after purchasing an additional 23,315 shares during the last quarter. 93.38% 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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