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

PDF Solutions (NASDAQ:PDFS) was upgraded by equities research analysts at Sanford C. Bernstein to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

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

PDF Solutions Price Performance

Shares of NASDAQ:PDFS opened at $49.15 on Tuesday. The company has a market cap of $1.96 billion, a P/E ratio of 196.60 and a beta of 1.67. The business has a fifty day simple moving average of $55.74 and a 200-day simple moving average of $44.22. PDF Solutions has a 52 week low of $18.56 and a 52 week high of $71.68. 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) last released its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a return on equity of 7.21% and a net margin of 4.27%.The firm had revenue of $61.53 million for the quarter, compared to the consensus estimate of $61.17 million. Equities research analysts forecast that PDF Solutions will post 0.69 EPS for the current year.

Institutional Trading of PDF Solutions

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in PDF Solutions by 40.9% in the first quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock valued at $365,000 after buying an additional 5,540 shares during the period. Amundi grew its stake in PDF Solutions by 117,205.9% during the first quarter. Amundi now owns 19,942 shares of the technology company’s stock worth $381,000 after buying an additional 19,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in PDF Solutions by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock worth $353,000 after buying an additional 753 shares during the period. Jane Street Group LLC increased its position in shares of PDF Solutions by 113.6% in the first quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 32,383 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of PDF Solutions in the first quarter worth $105,000. 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.