PDF Solutions Inc. (PDFS) Downgraded by Zacks Investment Research to Sell
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. “
Separately, Craig Hallum cut shares of PDF Solutions from a buy rating to a hold rating and set a $17.00 target price for the company. in a research note on Friday, July 29th.
Shares of PDF Solutions (NASDAQ:PDFS) traded down 0.39% during mid-day trading on Tuesday, reaching $17.70. The company’s stock had a trading volume of 19,241 shares. PDF Solutions has a 12 month low of $8.70 and a 12 month high of $18.63. The company has a 50 day moving average price of $17.13 and a 200 day moving average price of $15.06. The stock has a market capitalization of $554.74 million, a P/E ratio of 65.80 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $26.70 million for the quarter, compared to analyst estimates of $25.66 million. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts anticipate that PDF Solutions will post $0.68 earnings per share for the current fiscal year.
In related news, CFO Gregory C. Walker sold 2,382 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $40,494.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory C. Walker sold 2,665 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $15.90, for a total transaction of $42,373.50. Following the completion of the transaction, the chief financial officer now owns 20,528 shares of the company’s stock, valued at approximately $326,395.20. The disclosure for this sale can be found here. 16.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Springbank Value Partners LP boosted its position in PDF Solutions by 25.0% in the first quarter. Springbank Value Partners LP now owns 10,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in PDF Solutions by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 12,526 shares of the company’s stock valued at $175,000 after buying an additional 918 shares during the period. BlackRock Advisors LLC boosted its position in PDF Solutions by 4.7% in the second quarter. BlackRock Advisors LLC now owns 13,137 shares of the company’s stock valued at $184,000 after buying an additional 591 shares during the period. Nationwide Fund Advisors boosted its position in PDF Solutions by 6.1% in the second quarter. Nationwide Fund Advisors now owns 19,698 shares of the company’s stock valued at $276,000 after buying an additional 1,136 shares during the period. Finally, Citadel Advisors LLC bought a new position in PDF Solutions during the second quarter valued at $302,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.
PDF Solutions Company Profile
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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