Zacks Investment Research Upgrades PDF Solutions (NASDAQ:PDFS) to “Buy”

PDF Solutions (NASDAQ:PDFSGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage presently has a $25.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.62% from the stock’s current price.

According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “

PDFS has been the topic of a number of other reports. StockNews.com started coverage on PDF Solutions in a research report on Thursday, March 31st. They set a “buy” rating on the stock. DA Davidson raised their target price on PDF Solutions from $33.00 to $37.00 in a research report on Wednesday, February 16th. Finally, Rosenblatt Securities raised their target price on PDF Solutions from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, February 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $32.40.

Shares of PDFS opened at $23.23 on Wednesday. The business’s 50-day moving average is $27.28 and its two-hundred day moving average is $27.61. The company has a market capitalization of $875.93 million, a P/E ratio of -40.05 and a beta of 1.40. PDF Solutions has a fifty-two week low of $16.70 and a fifty-two week high of $33.78.

PDF Solutions (NASDAQ:PDFSGet Rating) last announced its quarterly earnings results on Tuesday, February 15th. The technology company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.15). The company had revenue of $29.89 million for the quarter, compared to analyst estimates of $30.00 million. PDF Solutions had a negative return on equity of 8.61% and a negative net margin of 19.35%. During the same period in the prior year, the business posted ($0.91) earnings per share. As a group, analysts predict that PDF Solutions will post -0.03 earnings per share for the current fiscal year.

In related news, Director Shuo Zhang sold 11,017 shares of PDF Solutions stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $25.50, for a total value of $280,933.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in PDF Solutions by 56.3% in the 4th quarter. Barclays PLC now owns 42,809 shares of the technology company’s stock worth $1,361,000 after buying an additional 15,428 shares during the last quarter. BlackRock Inc. lifted its stake in PDF Solutions by 2.1% in the 4th quarter. BlackRock Inc. now owns 4,723,594 shares of the technology company’s stock worth $150,163,000 after purchasing an additional 96,604 shares in the last quarter. Wells Fargo & Company MN lifted its stake in PDF Solutions by 2,373.2% in the 4th quarter. Wells Fargo & Company MN now owns 20,404 shares of the technology company’s stock worth $648,000 after purchasing an additional 19,579 shares in the last quarter. Deutsche Bank AG lifted its stake in PDF Solutions by 2.6% in the 4th quarter. Deutsche Bank AG now owns 57,066 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 1,468 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in PDF Solutions by 3.4% in the 4th quarter. California State Teachers Retirement System now owns 41,505 shares of the technology company’s stock worth $1,319,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors own 69.94% of the company’s stock.

About PDF Solutions (Get Rating)

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, Taiwan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that stores 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 offers data collection and analysis capabilities; and Assembly Operations that provides device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.

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