PDF Solutions Inc. (PDFS) Stock Price Up 1.9% After Analyst Upgrade
PDF Solutions Inc. (NASDAQ:PDFS) traded up 1.9% during trading on Thursday after DA Davidson raised their price target on the stock from $20.00 to $30.00. DA Davidson currently has a buy rating on the stock. PDF Solutions traded as high as $18.26 and last traded at $18.11, with a volume of 89,669 shares. The stock had previously closed at $17.77.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. Craig Hallum lowered shares of PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Friday, July 29th.
In related news, CFO Gregory C. Walker sold 2,665 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $15.90, for a total value of $42,373.50. Following the completion of the transaction, the chief financial officer now directly owns 20,528 shares in the company, valued at $326,395.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Cornelis Hartgring sold 14,031 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.66, for a total transaction of $233,756.46. The disclosure for this sale can be found here. Insiders own 16.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Falcon Point Capital LLC raised its position in shares of PDF Solutions by 4.8% in the second quarter. Falcon Point Capital LLC now owns 745,381 shares of the company’s stock valued at $10,428,000 after buying an additional 33,828 shares during the period. Value Holdings LP raised its position in shares of PDF Solutions by 38.9% in the first quarter. Value Holdings LP now owns 25,000 shares of the company’s stock valued at $335,000 after buying an additional 7,000 shares during the period. Goldman Sachs Group Inc. raised its position in shares of PDF Solutions by 637.3% in the first quarter. Goldman Sachs Group Inc. now owns 88,629 shares of the company’s stock valued at $1,186,000 after buying an additional 76,609 shares during the period. Cadence Capital Management LLC bought a new position in shares of PDF Solutions during the second quarter valued at about $796,000. Finally, SECOR Capital Advisors LP raised its position in shares of PDF Solutions by 45.7% in the second quarter. SECOR Capital Advisors LP now owns 38,026 shares of the company’s stock valued at $532,000 after buying an additional 11,926 shares during the period. Institutional investors own 73.46% of the company’s stock.
The stock has a 50-day moving average of $17.19 and a 200 day moving average of $15.14. The company has a market capitalization of $564.45 million, a P/E ratio of 66.95 and a beta of 1.58.
PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. PDF Solutions had a return on equity of 5.94% and a net margin of 8.59%. The company earned $26.70 million during the quarter, compared to analysts’ expectations of $25.66 million. During the same quarter in the prior year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts predict that PDF Solutions Inc. will post $0.68 EPS for the current fiscal year.
About PDF Solutions
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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