PDF Solutions (NASDAQ:PDFS) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Thursday.
A number of other equities research analysts also recently issued reports on the stock. DA Davidson cut their target price on shares of PDF Solutions from $18.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, August 29th. Zacks Investment Research lowered shares of PDF Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th. ValuEngine upgraded shares of PDF Solutions from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, BidaskClub lowered shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. PDF Solutions currently has a consensus rating of “Hold” and an average target price of $17.50.
PDFS stock opened at $8.86 on Thursday. PDF Solutions has a 12-month low of $8.10 and a 12-month high of $18.48. The company has a market capitalization of $262.59 million, a price-to-earnings ratio of -221.50 and a beta of 1.14.
PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, August 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). PDF Solutions had a negative return on equity of 2.28% and a negative net margin of 4.60%. The company had revenue of $21.12 million during the quarter, compared to analysts’ expectations of $22.95 million. During the same quarter in the previous year, the company earned $0.08 EPS. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. equities analysts expect that PDF Solutions will post -0.2 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in PDFS. SG Americas Securities LLC acquired a new position in shares of PDF Solutions during the 2nd quarter worth $139,000. GSA Capital Partners LLP increased its stake in shares of PDF Solutions by 25.7% during the 1st quarter. GSA Capital Partners LLP now owns 24,598 shares of the technology company’s stock worth $287,000 after purchasing an additional 5,030 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of PDF Solutions by 43.5% during the 1st quarter. Brown Advisory Inc. now owns 27,926 shares of the technology company’s stock worth $326,000 after purchasing an additional 8,460 shares during the last quarter. Keybank National Association OH increased its stake in shares of PDF Solutions by 27.3% during the 2nd quarter. Keybank National Association OH now owns 38,424 shares of the technology company’s stock worth $460,000 after purchasing an additional 8,238 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of PDF Solutions by 12.8% during the 1st quarter. Swiss National Bank now owns 49,200 shares of the technology company’s stock worth $574,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors own 87.30% of the company’s stock.
About PDF Solutions
PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.
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