PDF Solutions (NASDAQ:PDFS) Price Target Raised to $63.00

PDF Solutions (NASDAQ:PDFS) had its price target boosted by equities research analysts at Rosenblatt Securities from $52.00 to $63.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 12.64% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. DA Davidson reissued a “buy” rating and set a $56.00 price target on shares of PDF Solutions in a research report on Monday, May 18th. Wall Street Zen upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.50.

PDF Solutions Stock Performance

NASDAQ PDFS opened at $55.93 on Friday. The stock’s fifty day moving average is $54.70 and its two-hundred day moving average is $41.24. The firm has a market capitalization of $2.23 billion, a P/E ratio of 310.74 and a beta of 1.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34. PDF Solutions has a fifty-two week low of $18.12 and a fifty-two week high of $71.68.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%.The company had revenue of $60.13 million during the quarter, compared to analysts’ expectations of $59.71 million. On average, research analysts anticipate that PDF Solutions will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in shares of PDF Solutions by 122.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after acquiring an additional 615 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of PDF Solutions in the 4th quarter worth approximately $82,000. Johnson Financial Group Inc. purchased a new position in shares of PDF Solutions during the 3rd quarter worth approximately $83,000. Tower Research Capital LLC TRC boosted its position in shares of PDF Solutions by 257.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,442 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in PDF Solutions in the 3rd quarter valued at approximately $100,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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.