PDF Solutions (NASDAQ:PDFS) Raised to "Strong-Buy" at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein upgraded PDF Solutions to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with a $58.50 target price.
• PDF Solutions shares opened at $49.15, with a 52-week range of $18.56 to $71.68. The company reported quarterly EPS of $0.27, matching estimates, and revenue of $61.53 million, slightly above expectations.
• Institutional investors hold approximately 79.51% of the company’s shares, with BlackRock establishing a sizable position and Wasatch Advisors increasing its stake by 171.9%.

PDF Solutions (NASDAQ:PDFS - Get Free Report) was upgraded by equities researchers at Sanford C. Bernstein to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on PDFS. Rosenblatt Securities reiterated a "buy" rating and issued a $63.00 price objective on shares of PDF Solutions in a research note on Friday, August 7th. Weiss Ratings reiterated a "sell (d+)" rating on shares of PDF Solutions in a research report on Friday. DA Davidson reissued a "buy" rating and issued a $56.00 target price on shares of PDF Solutions in a report on Monday, May 18th. Wells Fargo & Company started coverage on shares of PDF Solutions in a research report on Tuesday, August 4th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Finally, Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PDF Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $58.50.

PDF Solutions Price Performance

Shares of NASDAQ:PDFS opened at $49.15 on Tuesday. PDF Solutions has a 52 week low of $18.56 and a 52 week high of $71.68. The company has a 50-day moving average price of $55.74 and a 200 day moving average price of $44.22. The company has a market cap of $1.96 billion, a P/E ratio of 196.60 and a beta of 1.67. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $61.53 million during 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%. Research analysts predict that PDF Solutions will post 0.69 earnings per share for the current year.

Institutional Trading of PDF Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in PDF Solutions in the 2nd quarter valued at about $392,908,000. Wasatch Advisors LP boosted its stake in shares of PDF Solutions by 171.9% during the 2nd quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company's stock worth $97,743,000 after purchasing an additional 873,002 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new stake in shares of PDF Solutions during the fourth quarter worth about $20,631,000. Pillsbury Lake Capital LLC purchased a new stake in shares of PDF Solutions during the fourth quarter worth about $10,729,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of PDF Solutions in the second quarter valued at approximately $14,747,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

About PDF Solutions

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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