PDF Solutions (NASDAQ:PDFS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of PDF Solutions (NASDAQ:PDFS) from a hold rating to a buy rating in a research report report published on Tuesday morning.

PDFS has been the subject of a number of other research reports. DA Davidson decreased their price objective on shares of PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Rosenblatt Securities reduced their target price on PDF Solutions from $37.00 to $31.00 and set a “buy” rating for the company in a report on Monday.

PDF Solutions Stock Performance

PDF Solutions stock opened at $19.60 on Tuesday. The firm has a market cap of $767.12 million, a price-to-earnings ratio of 196.00 and a beta of 1.47. PDF Solutions has a 1 year low of $15.91 and a 1 year high of $39.70. The firm’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $25.21.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.16). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. As a group, equities analysts predict that PDF Solutions will post 0.32 EPS for the current fiscal year.

Insider Activity at PDF Solutions

In other news, Director Michael B. Gustafson purchased 4,000 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the acquisition, the director now directly owns 22,574 shares in the company, valued at $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John Kachig Kibarian purchased 34,356 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39 % increase in their position. The disclosure for this purchase can be found here. 11.13% of the stock is currently owned by insiders.

Institutional Trading of PDF Solutions

A number of institutional investors have recently added to or reduced their stakes in PDFS. Federated Hermes Inc. bought a new position in shares of PDF Solutions during the 1st quarter valued at $290,000. Legato Capital Management LLC bought a new position in PDF Solutions during the first quarter valued at about $361,000. Signaturefd LLC lifted its position in shares of PDF Solutions by 124.1% in the first quarter. Signaturefd LLC now owns 1,421 shares of the technology company’s stock worth $27,000 after buying an additional 787 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of PDF Solutions by 206.0% during the 1st quarter. New York State Common Retirement Fund now owns 27,111 shares of the technology company’s stock worth $518,000 after acquiring an additional 18,250 shares in the last quarter. Finally, Significant Wealth Partners LLC increased its holdings in shares of PDF Solutions by 25.9% during the 1st quarter. Significant Wealth Partners LLC now owns 12,596 shares of the technology company’s stock valued at $241,000 after acquiring an additional 2,590 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.