DA Davidson Reaffirms Buy Rating for PDF Solutions (NASDAQ:PDFS)

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research note issued to investors on Monday,Benzinga reports. They currently have a $56.00 target price on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 30.81% from the company’s current price.

A number of other research analysts have also issued reports on the company. Rosenblatt Securities boosted their price target on PDF Solutions from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.00.

PDF Solutions Stock Performance

PDFS stock traded down $1.89 during trading on Monday, reaching $42.81. 223,729 shares of the company’s stock were exchanged, compared to its average volume of 466,005. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. PDF Solutions has a 1-year low of $17.35 and a 1-year high of $56.46. The company’s fifty day moving average price is $39.01 and its 200-day moving average price is $33.29. The firm has a market cap of $1.71 billion, a PE ratio of 237.83 and a beta of 1.70.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%.The company had revenue of $60.13 million during the quarter, compared to analyst estimates of $59.71 million. On average, research analysts expect that PDF Solutions will post 0.63 EPS for the current fiscal year.

Institutional Trading of PDF Solutions

Several institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC lifted its holdings in shares of PDF Solutions by 0.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company’s stock valued at $38,757,000 after buying an additional 9,040 shares during the period. Wasatch Advisors LP raised its position in shares of PDF Solutions by 3.7% during the second quarter. Wasatch Advisors LP now owns 1,191,373 shares of the technology company’s stock worth $25,472,000 after purchasing an additional 41,977 shares during the period. State Street Corp raised its position in shares of PDF Solutions by 0.5% during the fourth quarter. State Street Corp now owns 1,151,576 shares of the technology company’s stock worth $32,854,000 after purchasing an additional 5,619 shares during the period. Samjo Management LLC raised its position in shares of PDF Solutions by 2.7% during the fourth quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company’s stock worth $32,839,000 after purchasing an additional 30,300 shares during the period. Finally, Ranger Investment Management L.P. raised its position in shares of PDF Solutions by 1.1% during the third quarter. Ranger Investment Management L.P. now owns 1,057,210 shares of the technology company’s stock worth $27,297,000 after purchasing an additional 11,665 shares during the period. 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.