PDF Solutions (NASDAQ:PDFS) Given Buy Rating at DA Davidson

Key Points

• DA Davidson reaffirmed a Buy rating on PDF Solutions with a $74 price target, implying approximately 67% upside from the stock’s $44.28 opening price.
• Analyst sentiment remains favorable, with five Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $62.80.
• PDF Solutions matched quarterly earnings expectations at $0.27 per share and exceeded revenue estimates with $61.53 million in sales; institutional investors own 79.51% of the company, while two insiders recently sold shares.

PDF Solutions (NASDAQ:PDFS - Get Free Report)'s stock had its "buy" rating restated by stock 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 points to a potential upside of 67.12% from the company's current price.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company assumed coverage on shares of PDF Solutions in a report on Tuesday, August 4th. They set an "equal weight" rating and a $50.00 price objective on the stock. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Morgan Stanley started coverage on PDF Solutions in a research report on Tuesday, September 8th. They set an "overweight" rating and a $62.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They set an "outperform" rating and a $65.00 target price for the company. Finally, Weiss Ratings raised PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, PDF Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $62.80.

PDF Solutions Price Performance

PDF Solutions stock opened at $44.28 on Monday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 177.12 and a beta of 1.64. The business has a 50-day moving average of $47.42 and a 200-day moving average of $46.85. 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 has a 1 year low of $21.51 and a 1 year high of $71.68.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its 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 company had revenue of $61.53 million for the quarter, compared to analyst estimates of $61.17 million. On average, equities analysts anticipate that PDF Solutions will post 0.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Shuo Zhang sold 1,501 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the sale, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Andrzej Strojwas sold 3,394 shares of the company's stock in a transaction 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 completion of the sale, the chief technology officer directly owned 90,965 shares in the company, valued at approximately $4,039,755.65. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 11.08% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new stake in PDF Solutions in the second quarter valued at approximately $254,000. Tidal Investments LLC bought a new stake in shares of PDF Solutions during the second quarter worth about $1,179,000. Amundi raised its holdings in shares of PDF Solutions by 27.4% in the 2nd quarter. Amundi now owns 14,861 shares of the technology company's stock worth $1,052,000 after acquiring an additional 3,200 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of PDF Solutions in the 2nd quarter worth about $421,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in PDF Solutions in the 2nd quarter valued at about $904,000. 79.51% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.