PDF Solutions (NASDAQ:PDFS) Stock Gets Price Target Trim from Wells Fargo & Company

Key Points

• Wells Fargo cut its PDF Solutions price target to $39 from $50 and maintained an “equal weight” rating; the new target implies about 10.3% upside from the cited share price.
• Analyst sentiment overall remains positive: six analysts rate the stock a Buy and three a Hold, for a “Moderate Buy” consensus and an average price target of $59.50.
• PDF Solutions reported quarterly EPS of $0.40, beating the $0.33 consensus, while revenue of $68.33 million also topped expectations of $67.48 million.

PDF Solutions (NASDAQ:PDFS - Get Free Report) had its target price decreased by stock analysts at Wells Fargo & Company from $50.00 to $39.00 in a report released on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price target suggests a potential upside of 10.34% from the stock's current price.

Other research analysts also recently issued reports about the stock. DA Davidson reduced their target price on shares of PDF Solutions from $74.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Royal Bank Of Canada cut shares of PDF Solutions to an "outperform" rating in a research report on Tuesday, September 8th. Weiss Ratings raised shares of PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Morgan Stanley initiated coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They issued an "overweight" rating and a $62.00 price objective on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of PDF Solutions in a research note on Tuesday, August 11th. They issued an "outperform" rating and a $65.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $59.50.

PDF Solutions Trading Up 2.4%

Shares of PDFS stock traded up $0.82 on Friday, reaching $35.34. 133,763 shares of the stock were exchanged, compared to its average volume of 574,965. The stock has a market cap of $1.41 billion, a PE ratio of 141.34 and a beta of 1.75. PDF Solutions has a one year low of $23.55 and a one year high of $71.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45. The stock has a 50 day moving average price of $45.68 and a 200 day moving average price of $44.59.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. The business had revenue of $68.33 million for the quarter, compared to analysts' expectations of $67.48 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Equities research analysts forecast that PDF Solutions will post 0.78 EPS for the current fiscal year.

Insider Activity at PDF Solutions

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

Institutional Trading of PDF Solutions

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of PDF Solutions during the second quarter worth about $33,000. Meeder Asset Management Inc. acquired a new position in shares of PDF Solutions in the 2nd quarter valued at approximately $44,000. Bell Investment Advisors Inc acquired a new position in shares of PDF Solutions in the 2nd quarter valued at approximately $49,000. Sterling Capital Management LLC grew its position in shares of PDF Solutions by 993.1% in the 3rd quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company's stock valued at $65,000 after purchasing an additional 1,152 shares during the period. Finally, State of Wyoming bought a new stake in PDF Solutions during the 2nd quarter worth approximately $125,000. Institutional investors own 79.51% of the company's stock.

More PDF Solutions News

Here are the key news stories impacting PDF Solutions this week:

• Positive Sentiment: PDF Solutions reported earnings per share of $0.40, above estimates of $0.33–$0.34 and up from $0.25 a year earlier. Revenue was $68.33 million, exceeding the $67.48 million consensus; coverage also highlighted record revenue and expanding margins. Earnings results Zacks earnings coverage
• Neutral Sentiment: The earnings-call transcripts provide further discussion of the quarter, but the supplied articles do not describe additional guidance or a distinct concern that would explain the share weakness. Earnings-call transcript

PDF Solutions Company Profile

PDF Solutions, Inc NASDAQ: PDFS provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company's product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.

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