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

PDF Solutions, Inc. (NASDAQ:PDFS – Get Free Report) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $61.33.

PDFS has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $63.00 price objective on shares of PDF Solutions in a report on Friday, August 7th. Sanford C. Bernstein began coverage on PDF Solutions in a report on Tuesday, August 11th. They set an “outperform” rating and a $65.00 target price on the stock. Morgan Stanley initiated coverage on PDF Solutions in a research report on Tuesday, September 8th. They set an “overweight” rating and a $62.00 target price for the company. Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Royal Bank Of Canada cut PDF Solutions to an “outperform” rating in a research note on Tuesday, September 8th.

Get Our Latest Research Report on PDF Solutions

Insider Activity at PDF Solutions

In other PDF Solutions news, Director Shuo Zhang sold 1,501 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the sale, the director owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Andrzej Strojwas sold 3,394 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly owned 90,965 shares of the company’s stock, valued at $4,039,755.65. The trade was a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.08% of the stock is owned by company insiders.

Institutional Trading of PDF Solutions

Several hedge funds have recently added to or reduced their stakes in PDFS. Sterling Capital Management LLC grew its stake in PDF Solutions by 993.1% in the third quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,152 shares during the period. Inspire Investing LLC raised its position in shares of PDF Solutions by 30.5% during the third quarter. Inspire Investing LLC now owns 12,445 shares of the technology company’s stock worth $635,000 after purchasing an additional 2,909 shares during the period. Kings Path Partners LLC acquired a new stake in shares of PDF Solutions during the third quarter worth about $909,000. Counterpoint Mutual Funds LLC raised its position in shares of PDF Solutions by 98.9% during the third quarter. Counterpoint Mutual Funds LLC now owns 12,411 shares of the technology company’s stock worth $634,000 after purchasing an additional 6,171 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of PDF Solutions by 4.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 6,095 shares of the technology company’s stock valued at $311,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Price Performance

Shares of PDFS stock opened at $39.32 on Friday. PDF Solutions has a 52-week low of $23.55 and a 52-week high of $71.68. The stock has a market cap of $1.57 billion, a PE ratio of 157.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.45 and a current ratio of 3.45. The firm’s 50 day moving average price is $46.54 and its two-hundred day moving average price is $49.34.

PDF Solutions (NASDAQ:PDFS – Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $61.53 million during the quarter, compared to analysts’ expectations of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. As a group, analysts forecast that PDF Solutions will post 0.78 EPS for the current year.

PDF Solutions Company Profile

(Get Free Report)

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.

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Analyst Recommendations for PDF Solutions (NASDAQ:PDFS)

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