PDF Solutions (NASDAQ:PDFS) Upgraded to “C-” by TheStreet

PDF Solutions (NASDAQ:PDFSGet Rating) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday, TheStreetRatingsTable reports.

A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered PDF Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Rosenblatt Securities boosted their price target on shares of PDF Solutions from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, February 16th. StockNews.com cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, DA Davidson boosted their target price on shares of PDF Solutions from $33.00 to $37.00 in a research note on Wednesday, February 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $32.40.

Shares of NASDAQ:PDFS opened at $24.70 on Monday. The company has a market cap of $931.44 million, a PE ratio of -51.46 and a beta of 1.42. PDF Solutions has a fifty-two week low of $16.82 and a fifty-two week high of $33.78. The firm has a 50-day simple moving average of $25.15 and a 200 day simple moving average of $27.69.

PDF Solutions (NASDAQ:PDFSGet Rating) last issued its earnings results on Tuesday, February 15th. The technology company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.15). The company had revenue of $29.89 million during the quarter, compared to analyst estimates of $30.00 million. PDF Solutions had a negative net margin of 14.99% and a negative return on equity of 8.20%. During the same quarter in the previous year, the firm earned ($0.91) earnings per share. As a group, analysts expect that PDF Solutions will post -0.03 earnings per share for the current fiscal year.

In other PDF Solutions news, Director Shuo Zhang sold 11,017 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $25.50, for a total transaction of $280,933.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.50% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of PDFS. Royal Bank of Canada lifted its holdings in shares of PDF Solutions by 70.8% in the second quarter. Royal Bank of Canada now owns 2,044 shares of the technology company’s stock valued at $37,000 after buying an additional 847 shares during the period. Morgan Stanley lifted its holdings in PDF Solutions by 35.6% in the 2nd quarter. Morgan Stanley now owns 379,453 shares of the technology company’s stock valued at $6,899,000 after acquiring an additional 99,569 shares during the last quarter. Barclays PLC boosted its position in shares of PDF Solutions by 78.2% during the 3rd quarter. Barclays PLC now owns 27,381 shares of the technology company’s stock valued at $631,000 after purchasing an additional 12,016 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of PDF Solutions by 3,575.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,923 shares of the technology company’s stock valued at $229,000 after purchasing an additional 9,653 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of PDF Solutions by 44.9% in the 3rd quarter. William Blair Investment Management LLC now owns 1,139,540 shares of the technology company’s stock worth $26,255,000 after purchasing an additional 353,005 shares during the last quarter. Institutional investors own 76.62% 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.

Recommended Stories

Receive News & Ratings for PDF Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDF Solutions and related companies with MarketBeat.com's FREE daily email newsletter.