Zacks Investment Research Lowers PDF Solutions, Inc. (PDFS) to Sell

Zacks Investment Research downgraded shares of PDF Solutions, Inc. (NASDAQ:PDFS) from a hold rating to a sell rating in a report published on Wednesday, November 1st.

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. “

Other research analysts have also recently issued reports about the stock. Craig Hallum upgraded shares of PDF Solutions from a hold rating to a buy rating and set a $22.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub cut shares of PDF Solutions from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Finally, Northland Securities set a $22.00 price target on shares of PDF Solutions and gave the stock a hold rating in a report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $20.00.

Shares of PDF Solutions (NASDAQ PDFS) opened at $15.50 on Wednesday. The firm has a market cap of $504.45, a price-to-earnings ratio of 112.79, a price-to-earnings-growth ratio of 24.67 and a beta of 1.38. PDF Solutions has a 52 week low of $14.11 and a 52 week high of $24.44.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The firm had revenue of $26.50 million during the quarter, compared to the consensus estimate of $26.67 million. PDF Solutions had a return on equity of 2.10% and a net margin of 4.08%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. equities analysts predict that PDF Solutions will post 0.04 EPS for the current fiscal year.

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In other news, Director Lucio Lanza sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $15.00, for a total value of $900,000.00. Following the completion of the sale, the director now directly owns 318,967 shares of the company’s stock, valued at approximately $4,784,505. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 16.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in shares of PDF Solutions by 41.3% in the third quarter. Royce & Associates LP now owns 384,000 shares of the technology company’s stock worth $5,948,000 after acquiring an additional 112,200 shares during the period. Dimensional Fund Advisors LP grew its position in PDF Solutions by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,335,084 shares of the technology company’s stock valued at $20,680,000 after buying an additional 52,067 shares during the period. Schwab Charles Investment Management Inc. grew its position in PDF Solutions by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 117,798 shares of the technology company’s stock valued at $1,825,000 after buying an additional 5,954 shares during the period. Wells Fargo & Company MN grew its position in PDF Solutions by 42.9% during the third quarter. Wells Fargo & Company MN now owns 61,269 shares of the technology company’s stock valued at $949,000 after buying an additional 18,390 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in PDF Solutions by 86.9% during the third quarter. Citadel Advisors LLC now owns 205,790 shares of the technology company’s stock valued at $3,188,000 after purchasing an additional 95,659 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

About PDF Solutions

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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