PDF Solutions, Inc. (NASDAQ:PDFS) Stock Has Average Target Price of $54.00 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view: Nine firms give PDF Solutions an average “Moderate Buy” rating, with six buys and three holds. The average 12-month price target is $54.00, compared with the reported share price of $49.77.
• Recent analyst actions were mixed: Needham initiated coverage with a $60 target and Rosenblatt reaffirmed a $63 buy target, while RBC and Wall Street Zen downgraded the stock to “outperform” and “hold,” respectively.
• Institutional ownership is substantial, while insiders recently sold shares: Institutions own 79.51% of PDF Solutions, with several firms adding or initiating positions. Two executives sold shares, and corporate insiders currently own 11.08% of the company.

Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $54.00.

PDFS has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of PDF Solutions from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 21st. Royal Bank Of Canada cut shares of PDF Solutions to an "outperform" rating in a research note on Tuesday, September 8th. Needham & Company LLC initiated coverage on shares of PDF Solutions in a research report on Friday. They set a "buy" rating and a $60.00 target price for the company. Wall Street Zen lowered shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $63.00 price target on shares of PDF Solutions in a report on Friday, August 7th.

Insider Buying and Selling at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the transaction, the director owned 23,380 shares of the company's stock, valued at $1,203,368.60. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $150,727.54. Following the transaction, the chief technology officer directly owned 90,965 shares in the company, valued at $4,039,755.65. This represents a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PDF Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDFS. Legal & General Group Plc purchased a new position in PDF Solutions in the 2nd quarter valued at approximately $5,733,000. Deutsche Bank AG purchased a new stake in shares of PDF Solutions during the second quarter worth $9,382,000. Janus Henderson Group PLC boosted its holdings in shares of PDF Solutions by 13.5% in the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company's stock worth $33,877,000 after acquiring an additional 123,531 shares during the period. Sei Investments Co. boosted its holdings in shares of PDF Solutions by 114.2% in the first quarter. Sei Investments Co. now owns 90,393 shares of the technology company's stock worth $2,957,000 after acquiring an additional 48,184 shares during the period. Finally, Pillsbury Lake Capital LLC purchased a new position in shares of PDF Solutions in the second quarter valued at $8,342,885. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Stock Up 0.0%

Shares of NASDAQ:PDFS opened at $49.77 on Wednesday. The company has a market capitalization of $1.99 billion, a PE ratio of 199.08 and a beta of 1.64. 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 business has a fifty day moving average price of $46.89 and a two-hundred day moving average price of $47.64. PDF Solutions has a 1 year low of $23.55 and a 1 year high of $71.68.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. The company had revenue of $61.53 million for the quarter, compared to analysts' expectations of $61.17 million. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. Analysts forecast that PDF Solutions will post 0.78 earnings per share for the current year.

PDF Solutions Company Profile

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.

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