PDF Solutions (PDFS) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of PDF Solutions (NASDAQ:PDFS) from a hold rating to a sell rating in a report issued on Wednesday morning.

Several other research firms have 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 for the company in a report on Tuesday, October 3rd. Zacks Investment Research cut PDF Solutions from a hold rating to a sell rating in a report on Wednesday, November 1st. Finally, ValuEngine raised PDF Solutions from a sell rating to a hold rating in a report on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $20.00.

Shares of PDF Solutions (NASDAQ:PDFS) opened at $15.62 on Wednesday. PDF Solutions has a fifty-two week low of $14.11 and a fifty-two week high of $23.93. The company has a market capitalization of $510.84, a P/E ratio of 120.15, a P/E/G ratio of 25.20 and a beta of 1.47.

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

A number of institutional investors have recently modified their holdings of PDFS. UBS Asset Management Americas Inc. purchased a new position in PDF Solutions in the second quarter worth approximately $178,000. Sei Investments Co. grew its position in PDF Solutions by 30.3% in the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock worth $189,000 after acquiring an additional 2,669 shares during the period. Bank of America Corp DE grew its position in PDF Solutions by 9.8% in the first quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock worth $212,000 after acquiring an additional 833 shares during the period. Voya Investment Management LLC grew its position in PDF Solutions by 11.0% in the second quarter. Voya Investment Management LLC now owns 15,684 shares of the technology company’s stock worth $258,000 after acquiring an additional 1,557 shares during the period. Finally, Aperio Group LLC purchased a new position in PDF Solutions in the second quarter worth approximately $259,000. Institutional investors own 86.23% of the company’s stock.

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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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