Rosenblatt Securities Reaffirms Buy Rating for PDF Solutions (NASDAQ:PDFS)

PDF Solutions (NASDAQ:PDFS)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They presently have a $52.00 target price on the technology company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 19.16% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings raised shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, DA Davidson reissued a “buy” rating and issued a $56.00 price objective on shares of PDF Solutions in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.00.

PDF Solutions Stock Performance

PDFS opened at $43.64 on Tuesday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 242.46 and a beta of 1.70. The company has a fifty day moving average of $39.23 and a 200 day moving average of $33.40. PDF Solutions has a fifty-two week low of $17.35 and a fifty-two week high of $56.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.34 and a current ratio of 2.34.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The company had revenue of $60.13 million during the quarter, compared to analysts’ expectations of $59.71 million. PDF Solutions had a net margin of 3.10% and a return on equity of 6.48%. As a group, sell-side analysts forecast that PDF Solutions will post 0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PDF Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDFS. Royal Bank of Canada lifted its holdings in PDF Solutions by 40.9% during the 1st 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 in the last quarter. Amundi lifted its holdings in PDF Solutions by 117,205.9% during the 1st quarter. Amundi now owns 19,942 shares of the technology company’s stock valued at $381,000 after buying an additional 19,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in PDF Solutions by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock valued at $353,000 after buying an additional 753 shares in the last quarter. Jane Street Group LLC lifted its holdings in PDF Solutions by 113.6% during the 1st quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock valued at $1,163,000 after buying an additional 32,383 shares in the last quarter. Finally, Strs Ohio bought a new stake in PDF Solutions during the 1st quarter valued at about $105,000. Institutional investors 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.