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

PDF Solutions (NASDAQ:PDFS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, 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. “

Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of YY from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th. Northland Securities set a $6.00 target price on shares of EMCORE and gave the stock a “buy” rating in a report on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.00.

PDFS traded up $0.03 during mid-day trading on Wednesday, reaching $13.50. 307 shares of the company traded hands, compared to its average volume of 73,869. The firm has a market cap of $436.49 million, a PE ratio of -56.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.90 and a quick ratio of 6.90. The stock’s fifty day moving average is $13.02. PDF Solutions has a 52-week low of $7.56 and a 52-week high of $14.00.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The business had revenue of $20.45 million during the quarter, compared to analyst estimates of $19.48 million. PDF Solutions had a negative net margin of 12.23% and a negative return on equity of 5.00%. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. On average, research analysts forecast that PDF Solutions will post -0.12 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDFS. California Public Employees Retirement System raised its position in shares of PDF Solutions by 120.4% during the 1st quarter. California Public Employees Retirement System now owns 160,149 shares of the technology company’s stock valued at $1,978,000 after buying an additional 87,500 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of PDF Solutions by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,948,829 shares of the technology company’s stock valued at $16,429,000 after buying an additional 80,848 shares in the last quarter. BlackRock Inc. raised its position in shares of PDF Solutions by 2.0% during the 4th quarter. BlackRock Inc. now owns 4,061,916 shares of the technology company’s stock valued at $34,241,000 after buying an additional 79,148 shares in the last quarter. Bank of America Corp DE raised its position in shares of PDF Solutions by 79.0% during the 4th quarter. Bank of America Corp DE now owns 162,403 shares of the technology company’s stock valued at $1,369,000 after buying an additional 71,660 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of PDF Solutions during the 2nd quarter valued at about $638,000. 83.16% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: What is the yield curve?

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