PDF Solutions (NASDAQ:PDFS) Price Target Raised to $40.00

PDF Solutions (NASDAQ:PDFS) had its price target boosted by DA Davidson from $38.00 to $40.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. Rosenblatt Securities reiterated a “buy” rating and issued a $34.00 price objective on shares of PDF Solutions in a research note on Monday, February 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of PDF Solutions in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.00.

PDF Solutions Stock Down 0.5%

Shares of PDFS opened at $33.78 on Friday. The company’s 50-day simple moving average is $31.92 and its 200-day simple moving average is $27.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.28 and a current ratio of 2.28. PDF Solutions has a 1 year low of $15.91 and a 1 year high of $36.99. The stock has a market capitalization of $1.35 billion, a PE ratio of -1,689.00 and a beta of 1.55.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, February 12th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $62.40 million for the quarter, compared to the consensus estimate of $61.95 million. PDF Solutions had a negative net margin of 0.29% and a positive return on equity of 4.86%. Analysts forecast that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ophir Asset Management Pty Ltd acquired a new position in PDF Solutions in the fourth quarter valued at approximately $20,631,000. ArrowMark Colorado Holdings LLC boosted its holdings in shares of PDF Solutions by 595.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock valued at $11,665,000 after buying an additional 386,788 shares in the last quarter. Pillsbury Lake Capital LLC acquired a new position in shares of PDF Solutions in the 4th quarter valued at $10,729,000. Cannell Capital LLC purchased a new position in shares of PDF Solutions in the 3rd quarter valued at $8,709,000. Finally, Roubaix Capital LLC acquired a new stake in PDF Solutions during the 3rd quarter worth $5,328,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

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.