DA Davidson Boosts PDF Solutions Inc. (PDFS) Price Target to $30.00
Other analysts have also issued research reports about the stock. Craig Hallum lowered shares of PDF Solutions from a buy rating to a hold rating and set a $17.00 target price on the stock. in a research report on Friday, July 29th. Zacks Investment Research lowered shares of PDF Solutions from a strong-buy rating to a hold rating in a research report on Wednesday, July 20th.
Shares of PDF Solutions (NASDAQ:PDFS) opened at 17.81 on Thursday. The stock has a market capitalization of $558.18 million, a price-to-earnings ratio of 66.21 and a beta of 1.58. The company has a 50-day moving average of $17.22 and a 200-day moving average of $15.19. PDF Solutions has a 52-week low of $8.70 and a 52-week high of $18.63.
PDF Solutions (NASDAQ:PDFS) last announced 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 net margin of 8.59% and a return on equity of 5.94%. The company earned $26.70 million during the quarter, compared to analyst estimates of $25.66 million. During the same quarter last year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts anticipate that PDF Solutions will post $0.68 EPS for the current year.
In related news, CFO Gregory C. Walker sold 2,665 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $15.90, for a total transaction of $42,373.50. Following the transaction, the chief financial officer now directly owns 20,528 shares in the company, valued at $326,395.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Cornelis Hartgring sold 14,031 shares of the business’s stock in a transaction dated 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. Corporate insiders own 16.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PDF Solutions by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,025,680 shares of the company’s stock worth $14,349,000 after buying an additional 20,834 shares during the last quarter. Dimensional Fund Advisors LP raised its position in PDF Solutions by 10.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,018,227 shares of the company’s stock worth $14,245,000 after buying an additional 95,051 shares during the last quarter. Lyon Street Capital LLC raised its position in PDF Solutions by 45.3% in the second quarter. Lyon Street Capital LLC now owns 857,515 shares of the company’s stock worth $11,997,000 after buying an additional 267,409 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in PDF Solutions during the second quarter worth $10,823,000. Finally, Falcon Point Capital LLC raised its position in PDF Solutions by 4.8% in the second quarter. Falcon Point Capital LLC now owns 745,381 shares of the company’s stock worth $10,428,000 after buying an additional 33,828 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
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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