PDF Solutions’ (PDFS) Buy Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of PDF Solutions (NASDAQ:PDFS) in a research note published on Monday,Benzinga reports. DA Davidson currently has a $74.00 price objective on the technology company’s stock.

PDFS has been the subject of several other research reports. Wall Street Zen cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company initiated coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Royal Bank Of Canada cut PDF Solutions to an “outperform” rating in a report on Tuesday, September 8th. Morgan Stanley began coverage on PDF Solutions in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 price objective for the company. Finally, Weiss Ratings raised PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PDF Solutions has an average rating of “Moderate Buy” and a consensus price target of $52.80.

PDF Solutions Trading Up 5.5%

Shares of PDFS stock opened at $46.71 on Monday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 186.84 and a beta of 1.64. PDF Solutions has a 1 year low of $21.92 and a 1 year high of $71.68. The firm’s fifty day simple moving average is $47.30 and its 200 day simple moving average is $46.95. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results 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 firm had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. As a group, sell-side analysts predict that PDF Solutions will post 0.78 EPS for the current year.

Insider Transactions at PDF Solutions

In related news, Director Shuo Zhang sold 1,501 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the sale, the director owned 23,380 shares of the company’s stock, valued at $1,203,368.60. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $44.41, for a total transaction of $150,727.54. Following the completion of the transaction, the chief technology officer directly owned 90,965 shares of the company’s stock, valued at $4,039,755.65. This trade represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PDF Solutions

Large investors have recently modified their holdings of the stock. Legal & General Group Plc acquired a new position in PDF Solutions in the second quarter valued at about $5,733,000. Deutsche Bank AG acquired a new stake in shares of PDF Solutions during the second quarter worth approximately $9,382,000. Sei Investments Co. raised its stake in shares of PDF Solutions by 114.2% in the first quarter. Sei Investments Co. now owns 90,393 shares of the technology company’s stock valued at $2,957,000 after acquiring an additional 48,184 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of PDF Solutions by 13.5% in the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock valued at $33,877,000 after acquiring an additional 123,531 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in shares of PDF Solutions in the 1st quarter worth approximately $985,000. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc provides software, hardware and services that help semiconductor and electronics manufacturers improve product quality, manufacturing efficiency and yields. Its solutions collect and analyze data across the semiconductor production process, enabling customers to identify defects, monitor process performance and make data-driven decisions from design through manufacturing and test.

The company’s offerings include the Exensio platform, a suite of manufacturing analytics and data-management applications.