PDF Solutions, Inc. (NASDAQ:PDFS) Stock Has Average Target Price of $61.33

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $61.33.

A number of research firms have recently commented on PDFS. Morgan Stanley began coverage on shares of PDF Solutions in a report on Tuesday, September 8th. They set an “overweight” rating and a $62.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and set a $63.00 target price on shares of PDF Solutions in a research report on Friday, August 7th. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Wall Street Zen downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, DA Davidson lowered their target price on PDF Solutions from $74.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, October 19th.

Insider Activity

In other news, Director Shuo Zhang sold 1,501 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total transaction of $77,256.47. Following the completion of the transaction, the director directly owned 23,380 shares in the company, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $44.41, for a total transaction of $150,727.54. Following the transaction, the chief technology officer owned 90,965 shares of the company’s stock, valued at $4,039,755.65. This trade represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. 11.08% of the stock is owned by insiders.

Institutional Trading of PDF Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDFS. BlackRock Inc. bought a new stake in PDF Solutions during the 2nd quarter valued at about $392,908,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of PDF Solutions in the 2nd quarter valued at about $93,416,000. Ranger Investment Management L.P. bought a new position in shares of PDF Solutions during the 2nd quarter worth approximately $81,384,000. Jupiter Topco LLC acquired a new stake in PDF Solutions in the second quarter valued at approximately $65,677,000. Finally, Wasatch Advisors LP boosted its stake in PDF Solutions by 171.9% in the second quarter. Wasatch Advisors LP now owns 1,380,739 shares of the technology company’s stock valued at $97,743,000 after acquiring an additional 873,002 shares in the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Price Performance

PDFS stock opened at $41.00 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.45 and a quick ratio of 3.45. PDF Solutions has a 1 year low of $23.55 and a 1 year high of $71.68. The firm has a 50-day moving average of $46.15 and a 200 day moving average of $44.50. The company has a market cap of $1.64 billion, a P/E ratio of 164.00 and a beta of 1.66.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%. The business had revenue of $61.53 million for the quarter, compared to analysts’ expectations of $61.17 million. On average, sell-side analysts forecast that PDF Solutions will post 0.78 EPS for the current year.

About PDF Solutions

PDF Solutions, Inc (NASDAQ: PDFS) provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.

The company’s product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.