PDF Solutions (NASDAQ:PDFS) issued its quarterly earnings results on Thursday. The technology company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01, Morningstar.com reports. PDF Solutions had a negative return on equity of 2.28% and a negative net margin of 4.60%. The business had revenue of $20.21 million for the quarter, compared to analyst estimates of $21.20 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was down 23.8% on a year-over-year basis.

Shares of PDFS stock traded up $0.50 during trading hours on Friday, reaching $8.94. 535,275 shares of the company’s stock were exchanged, compared to its average volume of 265,042. PDF Solutions has a 1 year low of $7.56 and a 1 year high of $18.48. The firm has a market capitalization of $273.52 million, a price-to-earnings ratio of -223.50 and a beta of 1.10.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of PDF Solutions by 2.9% during the third quarter. BlackRock Inc. now owns 3,982,768 shares of the technology company’s stock worth $35,964,000 after acquiring an additional 113,917 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of PDF Solutions by 99.5% during the second quarter. OppenheimerFunds Inc. now owns 2,004,835 shares of the technology company’s stock worth $24,018,000 after purchasing an additional 999,845 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of PDF Solutions by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,603,995 shares of the technology company’s stock worth $19,216,000 after purchasing an additional 47,012 shares during the period. Divisar Capital Management LLC lifted its holdings in shares of PDF Solutions by 2.8% during the second quarter. Divisar Capital Management LLC now owns 1,452,205 shares of the technology company’s stock worth $17,397,000 after purchasing an additional 39,129 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of PDF Solutions by 3.5% during the first quarter. Northern Trust Corp now owns 380,210 shares of the technology company’s stock worth $4,434,000 after purchasing an additional 12,983 shares during the period. Institutional investors and hedge funds own 86.47% of the company’s stock.

A number of brokerages have recently weighed in on PDFS. BidaskClub lowered PDF Solutions from a “hold” rating to a “sell” rating in a research note on Friday, July 13th. ValuEngine lowered PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Zacks Investment Research lowered PDF Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th. DA Davidson restated a “buy” rating on shares of PDF Solutions in a research note on Friday, August 3rd. Finally, TheStreet lowered PDF Solutions from a “c-” rating to a “d+” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

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About PDF Solutions

PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.

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Earnings History for PDF Solutions (NASDAQ:PDFS)

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