PDF Solutions’ (PDFS) “Buy” Rating Reaffirmed at Rosenblatt Securities

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They currently have a $40.00 target price on the technology company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 20.63% from the company’s current price.

Separately, DA Davidson restated a “buy” rating and issued a $42.00 price target on shares of PDF Solutions in a research report on Wednesday, August 28th.

PDF Solutions Trading Up 3.2 %

PDFS stock traded up $1.04 during midday trading on Friday, reaching $33.16. 338,237 shares of the company’s stock traded hands, compared to its average volume of 161,279. PDF Solutions has a 52-week low of $27.69 and a 52-week high of $39.70. The stock has a market cap of $1.28 billion, a P/E ratio of -414.50 and a beta of 1.49. The stock’s 50-day moving average is $29.88 and its 200 day moving average is $32.48.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. PDF Solutions had a positive return on equity of 2.78% and a negative net margin of 1.67%. The firm had revenue of $41.66 million during the quarter, compared to analyst estimates of $41.60 million. As a group, research analysts expect that PDF Solutions will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On PDF Solutions

A number of hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new position in shares of PDF Solutions during the second quarter worth $25,000. GAMMA Investing LLC boosted its holdings in shares of PDF Solutions by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the technology company’s stock valued at $35,000 after purchasing an additional 479 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of PDF Solutions during the third quarter valued at about $37,000. Nisa Investment Advisors LLC increased its holdings in shares of PDF Solutions by 34.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock worth $65,000 after purchasing an additional 526 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of PDF Solutions by 20,281.5% in the second quarter. Quest Partners LLC now owns 5,503 shares of the technology company’s stock worth $200,000 after buying an additional 5,476 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

PDF Solutions Company Profile

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.