Rosenblatt Securities Forecasts Strong Price Appreciation for PDF Solutions (NASDAQ:PDFS) Stock

PDF Solutions (NASDAQ:PDFS) had its price objective lifted by analysts at Rosenblatt Securities from $37.00 to $47.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target suggests a potential upside of 6.89% from the company’s previous close.

A number of other research firms also recently issued reports on PDFS. DA Davidson increased their price objective on PDF Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of PDF Solutions in a research report on Friday, March 27th. Finally, Wall Street Zen raised PDF Solutions from a “hold” rating to a “buy” rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PDF Solutions presently has an average rating of “Hold” and a consensus price target of $43.50.

PDF Solutions Stock Performance

NASDAQ PDFS opened at $43.97 on Monday. The firm has a market cap of $1.75 billion, a P/E ratio of -2,198.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 2.28. The stock’s 50-day moving average is $34.30 and its 200-day moving average is $30.89. PDF Solutions has a one year low of $16.62 and a one year high of $44.15.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company 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%. Sell-side analysts anticipate that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of PDF Solutions during the 3rd quarter worth approximately $1,733,000. William Blair Investment Management LLC increased its position in shares of PDF Solutions by 13.7% during the 3rd quarter. William Blair Investment Management LLC now owns 1,349,441 shares of the technology company’s stock worth $34,843,000 after purchasing an additional 162,358 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of PDF Solutions by 595.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock worth $11,665,000 after purchasing an additional 386,788 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of PDF Solutions by 74.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 160,263 shares of the technology company’s stock worth $4,138,000 after purchasing an additional 68,574 shares during the last quarter. Finally, Cannell Capital LLC acquired a new position in shares of PDF Solutions during the 3rd quarter worth approximately $8,709,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Company Profile

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.