PDF Solutions' (PDFS) Buy Rating Reaffirmed at Rosenblatt Securities

Key Points

• PDF Solutions has received a "buy" rating from Rosenblatt Securities, with a target price of $31.00, suggesting a potential upside of 35.55% from its current price.
• The company's stock has experienced recent fluctuations, with other analysts providing mixed ratings, including a downgrade to "hold" by Wall Street Zen.
• Insider purchasing activity has been noted, as Director Michael B. Gustafson bought 7,500 shares at an average price of $19.45, increasing his stake in the company significantly.

Rosenblatt Securities reissued their buy rating on shares of PDF Solutions (NASDAQ:PDFS - Free Report) in a report released on Tuesday,Benzinga reports. The firm currently has a $31.00 price objective on the technology company's stock.

Several other equities research analysts have also weighed in on the company. Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson upgraded shares of PDF Solutions to a "strong-buy" rating in a research report on Tuesday, July 22nd.

PDF Solutions Price Performance

Shares of PDFS traded down $0.30 during mid-day trading on Tuesday, reaching $22.30. 184,214 shares of the stock traded hands, compared to its average volume of 253,423. The firm has a fifty day moving average price of $21.50 and a 200 day moving average price of $21.42. The company has a market cap of $872.82 million, a price-to-earnings ratio of 743.58 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.27. PDF Solutions has a 1 year low of $15.91 and a 1 year high of $33.42.

Insider Activity at PDF Solutions

In related news, Director Michael B. Gustafson acquired 7,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the completion of the purchase, the director owned 30,074 shares of the company's stock, valued at approximately $584,939.30. This represents a 33.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PDF Solutions

Several hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its stake in PDF Solutions by 124.1% in the 1st quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock valued at $27,000 after acquiring an additional 787 shares during the period. GAMMA Investing LLC increased its stake in shares of PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after purchasing an additional 931 shares in the last quarter. CWM LLC raised its position in shares of PDF Solutions by 94.4% during the 2nd quarter. CWM LLC now owns 1,835 shares of the technology company's stock worth $39,000 after purchasing an additional 891 shares during the last quarter. Strs Ohio purchased a new position in PDF Solutions in the 1st quarter valued at about $105,000. Finally, Aquatic Capital Management LLC acquired a new stake in PDF Solutions in the 4th quarter worth about $136,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.