DA Davidson Raises PDF Solutions (NASDAQ:PDFS) Price Target to $40.00

PDF Solutions (NASDAQ:PDFS) had its price objective raised by equities research analysts at DA Davidson from $38.00 to $40.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would indicate a potential upside of 18.41% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $34.00 price objective on shares of PDF Solutions in a research note on Monday, February 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.

PDF Solutions Trading Down 0.5%

Shares of PDFS stock opened at $33.78 on Friday. The stock has a market cap of $1.35 billion, a P/E ratio of -1,689.00 and a beta of 1.55. PDF Solutions has a 1 year low of $15.91 and a 1 year high of $36.99. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $31.92 and a 200 day simple moving average of $27.45.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. PDF Solutions had a positive return on equity of 4.86% and a negative net margin of 0.29%.The firm had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $61.95 million. On average, research analysts predict that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of PDF Solutions by 40.9% during the first quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock valued at $365,000 after acquiring an additional 5,540 shares during the last quarter. Amundi increased its holdings in PDF Solutions by 117,205.9% in the first quarter. Amundi now owns 19,942 shares of the technology company’s stock valued at $381,000 after purchasing an additional 19,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PDF Solutions by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after purchasing an additional 753 shares during the last quarter. Jane Street Group LLC lifted its holdings in PDF Solutions by 113.6% during the 1st quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock worth $1,163,000 after buying an additional 32,383 shares during the period. Finally, Strs Ohio acquired a new position in PDF Solutions during the 1st quarter worth about $105,000. 79.51% of the stock is owned by institutional investors.

PDF Solutions Company Profile

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.