DA Davidson Forecasts Strong Price Appreciation for PDF Solutions (NASDAQ:PDFS) Stock

PDF Solutions (NASDAQ:PDFS) had its target price lifted by DA Davidson from $38.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 17.32% from the stock’s current price.

Several other analysts have also recently issued reports on PDFS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $34.00 price target on shares of PDF Solutions in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d)” rating on shares of PDF Solutions in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PDF Solutions presently has an average rating of “Hold” and an average target price of $37.00.

PDF Solutions Stock Up 0.4%

PDFS traded up $0.15 on Friday, reaching $34.10. The company’s stock had a trading volume of 217,294 shares, compared to its average volume of 312,154. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -1,702.30 and a beta of 1.55. PDF Solutions has a 1 year low of $15.91 and a 1 year high of $36.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 2.21. The business’s 50 day moving average is $31.80 and its 200 day moving average is $27.29.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, February 12th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that PDF Solutions will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. UMB Bank n.a. grew its position in shares of PDF Solutions by 138.9% during the 3rd quarter. UMB Bank n.a. now owns 951 shares of the technology company’s stock valued at $25,000 after buying an additional 553 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of PDF Solutions by 122.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after purchasing an additional 615 shares during the last quarter. CWM LLC grew its holdings in shares of PDF Solutions by 94.4% during the second quarter. CWM LLC now owns 1,835 shares of the technology company’s stock valued at $39,000 after purchasing an additional 891 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of PDF Solutions by 257.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,442 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of PDF Solutions in the 4th quarter worth approximately $82,000. 79.51% of the stock is currently owned by institutional investors.

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.