PDF Solutions (NASDAQ:PDFS) Given New $40.00 Price Target at DA Davidson

PDF Solutions (NASDAQ:PDFS) had its price target boosted by DA Davidson from $38.00 to $40.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts also recently weighed in on PDFS. Rosenblatt Securities reiterated a “buy” rating and issued a $34.00 price target on shares of PDF Solutions in a report on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of PDF Solutions in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

PDF Solutions Price Performance

PDF Solutions stock traded down $0.17 during midday trading on Friday, reaching $33.78. The company’s stock had a trading volume of 462,821 shares, compared to its average volume of 316,852. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.21 and a current ratio of 2.28. PDF Solutions has a fifty-two week low of $15.91 and a fifty-two week high of $36.99. The firm has a market capitalization of $1.35 billion, a PE ratio of -1,689.00 and a beta of 1.55. The stock’s 50 day simple moving average is $31.92 and its 200 day simple moving average is $27.40.

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

Institutional Trading of PDF Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in shares of PDF Solutions by 138.9% during the third quarter. UMB Bank n.a. now owns 951 shares of the technology company’s stock valued at $25,000 after acquiring an additional 553 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of PDF Solutions by 122.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after purchasing an additional 615 shares during the period. CWM LLC lifted its position in shares of PDF Solutions by 94.4% in the second quarter. CWM LLC now owns 1,835 shares of the technology company’s stock worth $39,000 after purchasing an additional 891 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of PDF Solutions by 257.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock valued at $73,000 after buying an additional 2,442 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of PDF Solutions during the 4th quarter valued at $82,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.