PDF Solutions, Inc. (NASDAQ:PDFS) Given Average Rating of “Moderate Buy” by Brokerages

PDF Solutions, Inc. (NASDAQ:PDFS) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $62.80.

Several brokerages recently commented on PDFS. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Rosenblatt Securities reiterated a “buy” rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Morgan Stanley initiated coverage on PDF Solutions in a research report on Tuesday. They issued an “overweight” rating and a $62.00 target price for the company. Wells Fargo & Company began coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, DA Davidson set a $74.00 price target on PDF Solutions in a research report on Monday, August 17th.

PDF Solutions Stock Performance

Shares of PDFS opened at $47.77 on Friday. The stock has a 50 day moving average price of $48.58 and a 200 day moving average price of $46.43. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 191.08 and a beta of 1.64. PDF Solutions has a 52-week low of $19.36 and a 52-week high of $71.68.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $61.53 million for the quarter, compared to analysts’ expectations of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. Research analysts predict that PDF Solutions will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Shuo Zhang sold 1,501 shares of PDF Solutions stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the transaction, the director directly owned 23,380 shares of the company’s stock, valued at $1,203,368.60. The trade was a 6.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrzej Strojwas sold 3,394 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the sale, the chief technology officer owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of PDF Solutions in the second quarter valued at approximately $392,908,000. California State Teachers Retirement System lifted its holdings in shares of PDF Solutions by 8,228.3% during the second quarter. California State Teachers Retirement System now owns 2,557,360 shares of the technology company’s stock worth $181,036,000 after purchasing an additional 2,526,653 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of PDF Solutions during the second quarter worth $93,416,000. Ranger Investment Management L.P. purchased a new position in PDF Solutions in the 2nd quarter valued at $81,384,000. Finally, Jupiter Topco LLC purchased a new position in PDF Solutions in the 2nd quarter valued at $65,677,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

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.