PDF Solutions (NASDAQ:PDFS) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of PDF Solutions (NASDAQ:PDFS) from a hold rating to a sell rating in a research report report published on Thursday morning, Zacks.com reports.

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 equities research analysts have also recently weighed in on PDFS. Northland Securities reaffirmed a buy rating on shares of PDF Solutions in a report on Friday, November 1st. Craig Hallum raised PDF Solutions from a hold rating to a buy rating and set a $23.50 price target for the company in a report on Wednesday, October 16th. ValuEngine cut PDF Solutions from a buy rating to a hold rating in a report on Tuesday, August 6th. Finally, BidaskClub raised PDF Solutions from a buy rating to a strong-buy rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $19.17.

PDFS stock traded up $0.28 during mid-day trading on Thursday, hitting $16.14. The stock had a trading volume of 124,700 shares, compared to its average volume of 135,353. PDF Solutions has a 1-year low of $7.69 and a 1-year high of $17.42. The company has a fifty day moving average of $14.31 and a 200 day moving average of $13.04. The stock has a market capitalization of $512.27 million, a price-to-earnings ratio of -67.25 and a beta of 1.29.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, October 31st. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. PDF Solutions had a negative return on equity of 3.66% and a negative net margin of 8.70%. The business had revenue of $21.91 million during the quarter, compared to analysts’ expectations of $21.53 million. During the same period in the prior year, the firm posted $0.01 EPS. PDF Solutions’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that PDF Solutions will post -0.15 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new stake in PDF Solutions during the 2nd quarter valued at $25,000. Bank of Montreal Can acquired a new stake in shares of PDF Solutions in the 2nd quarter valued at $30,000. JPMorgan Chase & Co. increased its stake in shares of PDF Solutions by 15.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,764 shares of the technology company’s stock valued at $101,000 after buying an additional 1,010 shares during the period. AMP Capital Investors Ltd acquired a new stake in shares of PDF Solutions in the 2nd quarter valued at $138,000. Finally, State of Tennessee Treasury Department increased its stake in shares of PDF Solutions by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 12,350 shares of the technology company’s stock valued at $161,000 after buying an additional 971 shares during the period. 78.23% of the stock is owned by hedge funds and other institutional investors.

About PDF Solutions

PDF Solutions, Inc provides hardware, software, and intellectual property products to integrated circuit (IC) vendors in the United States, China, Taiwan, Germany, and internationally. It offers Exensio platform, which consists of Exensio-Yield that collects and stores yield data in an analysis-ready database, which enables product engineers to identify and analyze production yield, performance, reliability, and other issues; Exensio-Control, which provides fault detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Exensio-Test that offers data collection and analysis capability; Exensio Characterization, which encapsulates test structure analysis functionality of electrical and in-line inspection data from CV test chips and design-for-inspection DFI on-chip instruments; and Exensio ALPS that provides device manufacturers with the capability to link all device data, including fabrication and characterization data from every step of the product life cycle.

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