DA Davidson Reiterates “Buy” Rating for PDF Solutions (NASDAQ:PDFS)

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a report issued on Monday, Benzinga reports. They presently have a $74.00 price target on the technology company’s stock. DA Davidson’s target price would suggest a potential upside of 52.77% from the stock’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Company started coverage on PDF Solutions in a research report on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Morgan Stanley started coverage on PDF Solutions in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 target price for the company. Sanford C. Bernstein started coverage on shares of PDF Solutions in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target for the company. Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.80.

PDF Solutions Stock Up 3.7%

Shares of PDFS opened at $48.44 on Monday. The firm has a market cap of $1.93 billion, a P/E ratio of 193.76 and a beta of 1.64. PDF Solutions has a 12 month low of $23.55 and a 12 month high of $71.68. The stock’s 50 day moving average is $47.18 and its two-hundred day moving average is $47.06. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The firm had revenue of $61.53 million for the quarter, compared to the consensus estimate of $61.17 million. Analysts predict that PDF Solutions will post 0.78 earnings per share for the current fiscal year.

Insider Activity at PDF Solutions

In other PDF Solutions news, CTO Andrzej Strojwas sold 3,394 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the sale, the chief technology officer owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shuo Zhang sold 1,501 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the transaction, the director owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. The trade was a 6.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

A number of institutional investors and hedge funds have recently modified their holdings of PDFS. Legal & General Group Plc acquired a new stake in shares of PDF Solutions during the second quarter worth $5,733,000. Deutsche Bank AG purchased a new position in PDF Solutions during the second quarter worth about $9,382,000. Sei Investments Co. lifted its position in PDF Solutions by 114.2% during the first quarter. Sei Investments Co. now owns 90,393 shares of the technology company’s stock worth $2,957,000 after buying an additional 48,184 shares during the period. Janus Henderson Group PLC boosted its stake in PDF Solutions by 13.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company’s stock worth $33,877,000 after buying an additional 123,531 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in PDF Solutions in the 1st quarter valued at about $985,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About PDF Solutions

PDF Solutions, Inc provides software, hardware and services that help semiconductor and electronics manufacturers improve product quality, manufacturing efficiency and yields. Its solutions collect and analyze data across the semiconductor production process, enabling customers to identify defects, monitor process performance and make data-driven decisions from design through manufacturing and test.

The company’s offerings include the Exensio platform, a suite of manufacturing analytics and data-management applications.