PDF Solutions (NASDAQ:PDFS) Upgraded by Wall Street Zen to Buy Rating

PDF Solutions (NASDAQ:PDFS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Weiss Ratings raised shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $52.00 price target on shares of PDF Solutions in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, PDF Solutions has a consensus rating of “Hold” and a consensus target price of $54.00.

PDF Solutions Price Performance

Shares of NASDAQ PDFS opened at $63.01 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 350.08 and a beta of 1.71. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23. PDF Solutions has a 1-year low of $18.12 and a 1-year high of $68.76. The business’s 50 day moving average is $51.70 and its 200-day moving average is $39.27.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. The business had revenue of $60.13 million during the quarter, compared to analysts’ expectations of $59.71 million. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%. Equities research analysts predict that PDF Solutions will post 0.67 earnings per share for the current year.

Institutional Trading of PDF Solutions

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of PDF Solutions by 40.9% in the first quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock worth $365,000 after purchasing an additional 5,540 shares during the period. Amundi lifted its position in PDF Solutions by 117,205.9% during the first quarter. Amundi now owns 19,942 shares of the technology company’s stock worth $381,000 after purchasing an additional 19,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in PDF Solutions by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after buying an additional 753 shares in the last quarter. Jane Street Group LLC grew its stake in PDF Solutions by 113.6% during the first quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock worth $1,163,000 after buying an additional 32,383 shares in the last quarter. Finally, Strs Ohio acquired a new stake in PDF Solutions during the first quarter worth about $105,000. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.