PDF Solutions’ (PDFS) “Buy” Rating Reaffirmed at DA Davidson

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Friday.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Zacks Investment Research lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Finally, ValuEngine lowered shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a report on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.00.

PDF Solutions opened at $9.35 on Friday, Marketbeat reports. The company has a market capitalization of $318.64 million, a P/E ratio of -233.75 and a beta of 1.21. PDF Solutions has a 12-month low of $9.35 and a 12-month high of $18.48.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $21.12 million during the quarter, compared to analysts’ expectations of $22.95 million. PDF Solutions had a negative return on equity of 2.28% and a negative net margin of 4.60%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in PDF Solutions by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 329,744 shares of the technology company’s stock valued at $3,951,000 after buying an additional 10,658 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in PDF Solutions by 33.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 220,568 shares of the technology company’s stock valued at $2,642,000 after buying an additional 55,891 shares in the last quarter. Brown Advisory Inc. grew its holdings in PDF Solutions by 43.5% during the 1st quarter. Brown Advisory Inc. now owns 27,926 shares of the technology company’s stock valued at $326,000 after buying an additional 8,460 shares in the last quarter. Principal Financial Group Inc. grew its holdings in PDF Solutions by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 210,592 shares of the technology company’s stock valued at $2,456,000 after buying an additional 4,991 shares in the last quarter. Finally, Needham Investment Management LLC grew its holdings in PDF Solutions by 6.2% during the 1st quarter. Needham Investment Management LLC now owns 1,032,500 shares of the technology company’s stock valued at $12,038,000 after buying an additional 60,000 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

About PDF Solutions

PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.

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