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

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $61.33.

PDFS has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered shares of PDF Solutions to an “outperform” rating in a research note on Tuesday, September 8th. Sanford C. Bernstein began coverage on PDF Solutions in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price target on the stock. Morgan Stanley assumed coverage on PDF Solutions in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $62.00 price target on the stock. DA Davidson cut their price target on PDF Solutions from $74.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Finally, Weiss Ratings raised PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st.

PDF Solutions Stock Down 0.4%

PDF Solutions stock opened at $39.32 on Friday. The stock has a market capitalization of $1.57 billion, a PE ratio of 157.28 and a beta of 1.66. PDF Solutions has a twelve month low of $23.55 and a twelve month high of $71.68. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $46.54 and a 200-day moving average of $49.34.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The company had revenue of $61.53 million during the quarter, compared to the consensus estimate of $61.17 million. On average, equities research analysts anticipate that PDF Solutions will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Andrzej Strojwas sold 3,394 shares of PDF Solutions stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the sale, the chief technology officer owned 90,965 shares of the company’s stock, valued at approximately $4,039,755.65. This trade represents a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shuo Zhang sold 1,501 shares of the business’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 in the company, valued at $1,203,368.60. The trade was a 6.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.08% of the stock is currently owned by company insiders.

Institutional Trading of PDF Solutions

A number of institutional investors have recently made changes to their positions in PDFS. Quantbot Technologies LP bought a new position in PDF Solutions in the second quarter valued at $33,000. Meeder Asset Management Inc. acquired a new stake in PDF Solutions in the 2nd quarter valued at $44,000. Bell Investment Advisors Inc bought a new stake in PDF Solutions during the 2nd quarter worth about $49,000. Sterling Capital Management LLC lifted its position in PDF Solutions by 993.1% during the 3rd quarter. Sterling Capital Management LLC now owns 1,268 shares of the technology company’s stock worth $65,000 after buying an additional 1,152 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of PDF Solutions during the 2nd quarter worth about $125,000. Institutional investors own 79.51% of the company’s stock.

About PDF Solutions

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.