PDF Solutions (NASDAQ:PDFS) Upgraded at Wells Fargo & Company

PDF Solutions (NASDAQ:PDFS) was upgraded by Wells Fargo & Company to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on PDFS. Wall Street Zen raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Rosenblatt Securities boosted their target price on PDF Solutions from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, July 10th. DA Davidson restated a “buy” rating and set a $56.00 price target on shares of PDF Solutions in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PDF Solutions presently has a consensus rating of “Hold” and an average target price of $56.33.

PDF Solutions Stock Up 6.6%

Shares of NASDAQ:PDFS opened at $51.17 on Tuesday. The company’s fifty day moving average is $55.95 and its 200-day moving average is $43.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. PDF Solutions has a 52 week low of $18.12 and a 52 week high of $71.68. The company has a market capitalization of $2.04 billion, a PE ratio of 284.29 and a beta of 1.67.

PDF Solutions (NASDAQ:PDFS) last announced its 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 net margin of 3.10% and a return on equity of 6.48%. The business had revenue of $60.13 million during the quarter, compared to analysts’ expectations of $59.71 million. Equities research analysts predict that PDF Solutions will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP increased its holdings in PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after purchasing an additional 873,002 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in PDF Solutions by 0.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,358,481 shares of the technology company’s stock worth $38,757,000 after buying an additional 9,040 shares during the last quarter. Ranger Investment Management L.P. grew its position in shares of PDF Solutions by 9.4% during the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company’s stock worth $41,857,000 after buying an additional 109,616 shares during the period. State Street Corp grew its position in shares of PDF Solutions by 0.5% during the 4th quarter. State Street Corp now owns 1,151,576 shares of the technology company’s stock worth $32,854,000 after buying an additional 5,619 shares during the period. Finally, Samjo Management LLC increased its stake in shares of PDF Solutions by 2.7% in the 4th quarter. Samjo Management LLC now owns 1,151,019 shares of the technology company’s stock valued at $32,839,000 after acquiring an additional 30,300 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

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.