PDF Solutions (PDFS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

PDF Solutions (NASDAQ:PDFS) released its earnings results on Thursday. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01, Morningstar.com reports. PDF Solutions had a negative return on equity of 2.28% and a negative net margin of 4.60%. The business had revenue of $20.21 million during the quarter, compared to the consensus estimate of $21.20 million. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was down 23.8% compared to the same quarter last year.

Shares of PDF Solutions stock traded up $0.50 during trading on Friday, hitting $8.94. 535,275 shares of the stock traded hands, compared to its average volume of 265,042. The firm has a market cap of $273.52 million, a P/E ratio of -223.50 and a beta of 1.10. PDF Solutions has a 52-week low of $7.56 and a 52-week high of $18.48.

Several institutional investors have recently made changes to their positions in PDFS. Northern Trust Corp increased its stake in shares of PDF Solutions by 3.5% during the first quarter. Northern Trust Corp now owns 380,210 shares of the technology company’s stock valued at $4,434,000 after buying an additional 12,983 shares during the period. BlackRock Inc. increased its stake in shares of PDF Solutions by 2.2% during the first quarter. BlackRock Inc. now owns 3,619,808 shares of the technology company’s stock valued at $42,204,000 after buying an additional 78,620 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of PDF Solutions by 8.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,556,983 shares of the technology company’s stock valued at $18,154,000 after buying an additional 116,602 shares during the period. Principal Financial Group Inc. increased its stake in shares of PDF Solutions by 2.4% during the first quarter. Principal Financial Group Inc. now owns 210,592 shares of the technology company’s stock valued at $2,456,000 after buying an additional 4,991 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of PDF Solutions by 43.5% during the first quarter. Brown Advisory Inc. now owns 27,926 shares of the technology company’s stock valued at $326,000 after buying an additional 8,460 shares during the period. Hedge funds and other institutional investors own 86.47% of the company’s stock.

Several research firms have recently weighed in on PDFS. DA Davidson reiterated a “buy” rating on shares of PDF Solutions in a research report on Friday, August 3rd. ValuEngine upgraded PDF Solutions from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 2nd. BidaskClub downgraded PDF Solutions from a “hold” rating to a “sell” rating in a research report on Friday, July 13th. Zacks Investment Research upgraded PDF Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, TheStreet downgraded PDF Solutions from a “c-” rating to a “d+” rating in a research report on Thursday, September 6th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.00.

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PDF Solutions Company Profile

PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.

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Earnings History for PDF Solutions (NASDAQ:PDFS)

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