PDF Solutions (NASDAQ:PDFS) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of PDF Solutions (NASDAQ:PDFS) from a hold rating to a sell rating in a research note issued to investors 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. “

PDFS has been the topic of a number of other research reports. Craig Hallum raised PDF Solutions from a hold rating to a buy rating and set a $23.50 price target on the stock in a research report on Wednesday, October 16th. Northland Securities reissued a buy rating on shares of PDF Solutions in a research report on Friday, November 1st. BidaskClub raised PDF Solutions from a buy rating to a strong-buy rating in a research report on Wednesday, October 23rd. Finally, ValuEngine downgraded PDF Solutions from a buy rating to a hold rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $19.17.

PDFS stock traded up $0.28 during midday trading on Thursday, hitting $16.14. 124,700 shares of the company’s stock were exchanged, compared to its average volume of 135,353. The stock’s fifty day moving average price is $14.31 and its 200-day moving average price is $13.04. The company has a market cap of $512.27 million, a PE ratio of -67.25 and a beta of 1.29. PDF Solutions has a one year low of $7.69 and a one year high of $17.42.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $21.91 million for the quarter, compared to the consensus estimate of $21.53 million. PDF Solutions had a negative return on equity of 3.66% and a negative net margin of 8.70%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, analysts predict that PDF Solutions will post -0.15 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of PDF Solutions by 140.5% during the third quarter. Russell Investments Group Ltd. now owns 17,400 shares of the technology company’s stock worth $227,000 after acquiring an additional 10,164 shares during the period. California Public Employees Retirement System boosted its holdings in shares of PDF Solutions by 9.1% during the third quarter. California Public Employees Retirement System now owns 162,182 shares of the technology company’s stock worth $2,120,000 after acquiring an additional 13,533 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of PDF Solutions by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 12,350 shares of the technology company’s stock worth $161,000 after acquiring an additional 971 shares during the period. Rhumbline Advisers boosted its holdings in shares of PDF Solutions by 8.4% during the third quarter. Rhumbline Advisers now owns 89,715 shares of the technology company’s stock worth $1,173,000 after acquiring an additional 6,962 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of PDF Solutions during the third quarter worth approximately $293,000. 78.23% of the stock is currently owned by hedge funds and other institutional investors.

PDF Solutions Company Profile

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.

Further Reading: The primary rules of Elliott Wave theory

Get a free copy of the Zacks research report on PDF Solutions (PDFS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PDF Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDF Solutions and related companies with MarketBeat.com's FREE daily email newsletter.