PDF Solutions (NASDAQ:PDFS) Upgraded by Sanford C. Bernstein to “Strong-Buy” Rating

Sanford C. Bernstein upgraded shares of PDF Solutions (NASDAQ:PDFS) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PDF Solutions in a research note on Friday. Wells Fargo & Company initiated coverage on shares of PDF Solutions in a research report on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. DA Davidson reissued a “buy” rating and issued a $56.00 price objective on shares of PDF Solutions in a research note on Monday, May 18th. Rosenblatt Securities restated a “buy” rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Finally, Wall Street Zen cut PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

PDF Solutions Stock Up 3.2%

Shares of PDFS opened at $49.15 on Tuesday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $55.74 and a 200 day moving average of $44.22. The company has a market cap of $1.96 billion, a PE ratio of 196.60 and a beta of 1.67. PDF Solutions has a 52-week low of $18.56 and a 52-week high of $71.68.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The business had revenue of $61.53 million for the quarter, compared to analysts’ expectations of $61.17 million. On average, sell-side analysts expect that PDF Solutions will post 0.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PDFS. BlackRock Inc. bought a new position in PDF Solutions in the 2nd quarter worth about $392,908,000. Wasatch Advisors LP raised its stake in shares of PDF Solutions by 171.9% during the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after acquiring an additional 873,002 shares in the last quarter. Ophir Asset Management Pty Ltd bought a new stake in shares of PDF Solutions during the fourth quarter valued at approximately $20,631,000. Pillsbury Lake Capital LLC purchased a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $10,729,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of PDF Solutions in the second quarter valued at approximately $14,747,000. Hedge funds and other institutional investors 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.