Zacks Investment Research Lowers PDF Solutions (NASDAQ:PDFS) to Hold

Zacks Investment Research cut shares of PDF Solutions (NASDAQ:PDFS) from a buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “

A number of other research firms also recently weighed in on PDFS. Craig Hallum increased their price target on shares of PDF Solutions from $28.00 to $44.00 and gave the stock a buy rating in a research note on Wednesday, November 10th. Rosenblatt Securities initiated coverage on shares of PDF Solutions in a research report on Friday, September 17th. They issued a buy rating and a $23.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $31.00.

Shares of PDFS opened at $28.11 on Wednesday. The company’s 50 day simple moving average is $30.46 and its 200 day simple moving average is $24.44. PDF Solutions has a 1 year low of $16.44 and a 1 year high of $33.78.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Tuesday, November 9th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.15. The company had revenue of $29.56 million for the quarter, compared to the consensus estimate of $28.00 million. PDF Solutions had a negative net margin of 46.30% and a negative return on equity of 20.14%. During the same quarter last year, the firm posted ($0.08) earnings per share. On average, equities analysts predict that PDF Solutions will post -0.24 EPS for the current year.

In related news, Director Michael B. Gustafson sold 3,000 shares of the firm’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.50% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in PDF Solutions by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 507,242 shares of the technology company’s stock worth $9,221,000 after acquiring an additional 21,057 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of PDF Solutions in the 2nd quarter worth about $63,000. Divisar Capital Management LLC bought a new position in shares of PDF Solutions in the 2nd quarter worth about $4,045,000. Victory Capital Management Inc. lifted its position in shares of PDF Solutions by 4.1% in the 3rd quarter. Victory Capital Management Inc. now owns 64,550 shares of the technology company’s stock worth $1,487,000 after buying an additional 2,550 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new position in shares of PDF Solutions in the 3rd quarter worth about $275,000. 69.54% of the stock is owned by institutional investors.

About PDF Solutions

PDF Solutions, Inc engages in the provision of an end-to-end analytics platform that empowers engineers and data scientists across the semiconductor ecosystem and data analytics for process-design optimization and yield enhancement. Its products, services and platforms include proprietary software, physical intellectual property (or IP) for integrated circuit (or IC) designs, electrical measurement hardware tools, proven methodologies, and professional services.

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