DA Davidson Cuts PDF Solutions (NASDAQ:PDFS) Price Target to $26.00

PDF Solutions (NASDAQ:PDFS) had its price objective decreased by investment analysts at DA Davidson to $26.00 in a report issued on Friday, February 16th. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s target price suggests a potential upside of 109.34% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. BidaskClub lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, ValuEngine lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.00.

Shares of PDF Solutions (NASDAQ PDFS) traded up $0.19 during mid-day trading on Friday, hitting $12.42. 232,458 shares of the stock traded hands, compared to its average volume of 241,113. PDF Solutions has a 52-week low of $11.07 and a 52-week high of $23.93. The firm has a market cap of $400.94, a price-to-earnings ratio of -409.67, a P/E/G ratio of 11.21 and a beta of 1.38.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. PDF Solutions had a negative net margin of 1.31% and a negative return on equity of 0.67%. The firm had revenue of $26.80 million for the quarter, compared to analyst estimates of $26.50 million. During the same period in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. analysts forecast that PDF Solutions will post 0.07 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its position in shares of PDF Solutions by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 111,844 shares of the technology company’s stock valued at $1,840,000 after purchasing an additional 646 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of PDF Solutions by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 42,879 shares of the technology company’s stock valued at $706,000 after buying an additional 1,084 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of PDF Solutions by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,601 shares of the technology company’s stock valued at $372,000 after buying an additional 1,501 shares during the last quarter. Voya Investment Management LLC grew its position in shares of PDF Solutions by 11.0% in the 2nd quarter. Voya Investment Management LLC now owns 15,684 shares of the technology company’s stock valued at $258,000 after buying an additional 1,557 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of PDF Solutions by 3.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,550 shares of the technology company’s stock valued at $1,243,000 after buying an additional 2,495 shares during the last quarter. Institutional investors own 93.38% of the company’s stock.

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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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