PDF Solutions (NASDAQ:PDFS) Given "Buy" Rating at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed a “Buy” rating on PDF Solutions and set a $63 price target, implying 37.25% upside from the reported $45.90 share price.
• Analyst sentiment is mixed overall: PDF Solutions has an average “Hold” rating and a $56.33 consensus target, with two Buy, one Hold, and one Sell rating.
• The company’s latest quarterly results met expectations, reporting $0.27 in adjusted earnings per share and $61.53 million in revenue; institutional investors own approximately 79.51% of the stock.

PDF Solutions (NASDAQ:PDFS - Get Free Report)'s stock had its "buy" rating reaffirmed by Rosenblatt Securities in a research note issued to investors on Friday,Benzinga reports. They currently have a $63.00 target price on the technology company's stock. Rosenblatt Securities' target price would indicate a potential upside of 37.25% from the company's current price.

Other equities analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of PDF Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, May 11th. DA Davidson reiterated a "buy" rating and set a $56.00 target price on shares of PDF Solutions in a research note on Monday, May 18th. Wells Fargo & Company initiated coverage on PDF Solutions in a research note on Tuesday. They issued an "equal weight" rating and a $50.00 price target on the stock. Finally, Wall Street Zen upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a report on Saturday, June 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $56.33.

PDF Solutions Stock Performance

Shares of PDFS stock opened at $45.90 on Friday. The company's fifty day simple moving average is $55.93 and its 200-day simple moving average is $43.95. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.83 billion, a PE ratio of 255.01 and a beta of 1.67. PDF Solutions has a 12 month low of $18.12 and a 12 month 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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. The business had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. Equities research analysts expect that PDF Solutions will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PDFS. Janus Henderson Group PLC raised its stake in shares of PDF Solutions by 13.5% during the first quarter. Janus Henderson Group PLC now owns 1,035,666 shares of the technology company's stock valued at $33,877,000 after acquiring an additional 123,531 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in PDF Solutions during the first quarter worth $985,000. Lazard Asset Management LLC bought a new position in shares of PDF Solutions during the 1st quarter worth approximately $1,189,000. Ranger Investment Management L.P. grew its position in shares of PDF Solutions by 9.4% during the 1st quarter. Ranger Investment Management L.P. now owns 1,279,630 shares of the technology company's stock worth $41,857,000 after buying an additional 109,616 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of PDF Solutions by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 845,693 shares of the technology company's stock worth $27,660,000 after buying an additional 44,730 shares during the period. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company's flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.

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