Craig Hallum upgraded shares of PDF Solutions, Inc. (NASDAQ:PDFS) from a hold rating to a buy rating in a research note published on Wednesday, July 12th, Marketbeat reports. Craig Hallum currently has $22.00 target price on the technology company’s stock.
Several other equities research analysts have also recently weighed in on PDFS. ValuEngine cut shares of PDF Solutions from a hold rating to a sell rating in a research report on Wednesday, May 31st. Northland Securities cut shares of PDF Solutions from an outperform rating to a market perform rating in a research report on Friday, April 28th. Finally, BidaskClub raised shares of PDF Solutions from a sell rating to a hold rating in a research report on Saturday, July 8th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. PDF Solutions has a consensus rating of Hold and an average price target of $23.33.
Shares of PDF Solutions (NASDAQ PDFS) opened at 15.51 on Wednesday. The firm has a 50-day moving average of $17.33 and a 200 day moving average of $19.57. The stock has a market capitalization of $501.48 million, a PE ratio of 91.78 and a beta of 1.49. PDF Solutions has a 1-year low of $15.20 and a 1-year high of $24.44.
PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. The company had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $26.58 million. PDF Solutions had a net margin of 5.29% and a return on equity of 2.78%. PDF Solutions’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, equities analysts anticipate that PDF Solutions will post $0.44 earnings per share for the current fiscal year.
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In other news, Director Lucio Lanza sold 45,000 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $17.57, for a total value of $790,650.00. Following the completion of the transaction, the director now owns 423,967 shares of the company’s stock, valued at $7,449,100.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 90,000 shares of company stock valued at $1,534,800 in the last three months. Company insiders own 16.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of PDFS. FMR LLC boosted its position in PDF Solutions by 154.7% in the second quarter. FMR LLC now owns 1,648,594 shares of the technology company’s stock worth $27,119,000 after buying an additional 1,001,408 shares during the period. State of Wisconsin Investment Board increased its position in PDF Solutions by 266.2% in the second quarter. State of Wisconsin Investment Board now owns 227,478 shares of the technology company’s stock valued at $3,742,000 after buying an additional 165,357 shares in the last quarter. Russell Investments Group Ltd. increased its position in PDF Solutions by 23.0% in the second quarter. Russell Investments Group Ltd. now owns 681,202 shares of the technology company’s stock valued at $11,206,000 after buying an additional 127,162 shares in the last quarter. Citadel Advisors LLC purchased a new position in PDF Solutions during the second quarter valued at about $1,812,000. Finally, Eaton Vance Management increased its position in PDF Solutions by 19.2% in the second quarter. Eaton Vance Management now owns 633,145 shares of the technology company’s stock valued at $10,415,000 after buying an additional 101,976 shares in the last quarter. 77.55% of the stock is owned by hedge funds and other institutional investors.
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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