PDF Solutions (PDFS) Price Target Cut to $26.00

PDF Solutions (NASDAQ:PDFS) had its price objective decreased by analysts at DA Davidson to $26.00 in a report released on Friday. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s target price points to a potential upside of 122.98% from the stock’s previous close.

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub lowered shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.00.

PDF Solutions (NASDAQ PDFS) opened at $11.66 on Friday. PDF Solutions has a one year low of $11.48 and a one year high of $23.93.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $26.80 million for the quarter, compared to analyst estimates of $26.50 million. PDF Solutions had a negative net margin of 1.31% and a negative return on equity of 0.66%. PDF Solutions’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. sell-side analysts expect that PDF Solutions will post 0.16 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PDFS. Schwab Charles Investment Management Inc. increased its stake in shares of PDF Solutions by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 111,844 shares of the technology company’s stock worth $1,840,000 after acquiring an additional 646 shares during the period. Wells Fargo & Company MN increased its stake in shares of PDF Solutions by 2.6% during the second quarter. Wells Fargo & Company MN now owns 42,879 shares of the technology company’s stock worth $706,000 after acquiring an additional 1,084 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of PDF Solutions by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 22,601 shares of the technology company’s stock worth $372,000 after acquiring an additional 1,501 shares during the period. Voya Investment Management LLC increased its stake in shares of PDF Solutions by 11.0% during the second quarter. Voya Investment Management LLC now owns 15,684 shares of the technology company’s stock worth $258,000 after acquiring an additional 1,557 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of PDF Solutions by 3.4% during the second quarter. TIAA CREF Investment Management LLC now owns 75,550 shares of the technology company’s stock worth $1,243,000 after acquiring an additional 2,495 shares during the period. Institutional investors own 85.52% 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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