PDF Solutions (PDFS) Issues Earnings Results
PDF Solutions (NASDAQ:PDFS) released its quarterly earnings data on Thursday. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01, Morningstar.com reports. The firm had revenue of $20.21 million during the quarter, compared to the consensus estimate of $21.20 million. PDF Solutions had a negative net margin of 4.60% and a negative return on equity of 2.28%. The firm’s revenue was down 23.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share.
PDF Solutions stock traded up $0.50 during mid-day trading on Friday, reaching $8.94. The company’s stock had a trading volume of 535,275 shares, compared to its average volume of 265,042. The company has a market cap of $273.52 million, a PE ratio of -223.50 and a beta of 1.10. PDF Solutions has a twelve month low of $7.56 and a twelve month high of $18.48.
A number of equities analysts have commented on PDFS shares. DA Davidson decreased their price objective on shares of PDF Solutions from $18.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, August 29th. TheStreet downgraded shares of PDF Solutions from a “c-” rating to a “d+” rating in a report on Thursday, September 6th. Zacks Investment Research raised shares of PDF Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub raised shares of PDF Solutions from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Finally, ValuEngine raised shares of PDF Solutions from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. PDF Solutions currently has an average rating of “Hold” and a consensus price target of $13.00.
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About PDF Solutions
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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