PDF Solutions, Inc. (PDFS) Stock Rating Lowered by Zacks Investment Research

PDF Solutions, Inc. (NASDAQ:PDFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “PDF Solutions, Inc.’s comprehensive technologies and services enable semiconductor companies to improve yield and performance of manufactured integrated circuits by providing infrastructure to integrate the design and manufacturing processes. They believe that their solutions can significantly improve a semiconductor company’s time to market, the rate at which yield improves and product profitability. “



A number of other brokerages have also recently commented on PDFS. BidaskClub upgraded PDF Solutions from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Northland Securities upgraded PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Tuesday, October 3rd. Finally, Craig Hallum cut PDF Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $18.00 in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.00.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $26.50 million for the quarter, compared to analyst estimates of $26.67 million. PDF Solutions had a net margin of 4.08% and a return on equity of 2.10%. PDF Solutions’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS.

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In other PDF Solutions news, Director Lucio Lanza sold 60,000 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.00, for a total transaction of $900,000.00. Following the sale, the director now owns 318,967 shares in the company, valued at approximately $4,784,505. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of PDFS. Wells Fargo & Company MN lifted its stake in shares of PDF Solutions by 8.6% during the 1st quarter. Wells Fargo & Company MN now owns 41,795 shares of the technology company’s stock worth $945,000 after purchasing an additional 3,325 shares during the period. American International Group Inc. lifted its stake in shares of PDF Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 16,643 shares of the technology company’s stock worth $376,000 after purchasing an additional 1,099 shares during the period. FMR LLC lifted its stake in shares of PDF Solutions by 196.6% during the 1st quarter. FMR LLC now owns 647,186 shares of the technology company’s stock worth $14,639,000 after purchasing an additional 428,986 shares during the period. Teachers Advisors LLC lifted its stake in shares of PDF Solutions by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 44,590 shares of the technology company’s stock worth $1,009,000 after purchasing an additional 1,102 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of PDF Solutions during the 1st quarter worth $222,000. 82.28% of the stock is currently owned by institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.

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