PDF Solutions (NASDAQ:PDFS) Given New $52.00 Price Target at Rosenblatt Securities

PDF Solutions (NASDAQ:PDFS) had its target price lifted by equities research analysts at Rosenblatt Securities from $47.00 to $52.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 9.01% from the company’s previous close.

PDFS has been the subject of a number of other reports. Weiss Ratings reissued a “sell (d)” rating on shares of PDF Solutions in a research note on Friday, March 27th. DA Davidson increased their price target on shares of PDF Solutions from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.00.

PDF Solutions Stock Performance

NASDAQ:PDFS opened at $47.70 on Friday. The stock has a market cap of $1.90 billion, a P/E ratio of -2,385.00 and a beta of 1.70. The firm’s fifty day simple moving average is $37.05 and its 200 day simple moving average is $32.37. PDF Solutions has a twelve month low of $17.35 and a twelve month high of $50.45. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.24.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The business had revenue of $60.13 million for the quarter, compared to analysts’ expectations of $59.71 million. PDF Solutions had a negative net margin of 0.29% and a positive return on equity of 4.86%. As a group, research analysts predict that PDF Solutions will post 0.54 EPS for the current year.

Institutional Investors Weigh In On PDF Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in PDF Solutions in the third quarter worth about $1,733,000. William Blair Investment Management LLC grew its holdings in PDF Solutions by 13.7% in the third quarter. William Blair Investment Management LLC now owns 1,349,441 shares of the technology company’s stock worth $34,843,000 after purchasing an additional 162,358 shares during the period. ArrowMark Colorado Holdings LLC grew its holdings in PDF Solutions by 595.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock worth $11,665,000 after purchasing an additional 386,788 shares during the period. Cannell Capital LLC purchased a new stake in PDF Solutions in the third quarter worth about $8,709,000. Finally, Divisar Capital Management LLC grew its holdings in PDF Solutions by 11.9% in the third quarter. Divisar Capital Management LLC now owns 684,082 shares of the technology company’s stock worth $17,663,000 after purchasing an additional 72,695 shares during the period. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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.