Zacks Investment Research upgraded shares of PDF Solutions (NASDAQ:PDFS) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $11.00 target price on the technology company’s stock.

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. “

A number of other research firms also recently commented on PDFS. BidaskClub raised PDF Solutions from a buy rating to a strong-buy rating in a report on Saturday, February 2nd. ValuEngine raised PDF Solutions from a sell rating to a hold rating in a report on Saturday, December 1st. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. PDF Solutions currently has a consensus rating of Buy and an average target price of $12.00.

PDF Solutions stock opened at $10.24 on Thursday. PDF Solutions has a 52 week low of $7.56 and a 52 week high of $13.98. The stock has a market cap of $330.49 million, a P/E ratio of -256.00 and a beta of 1.24.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, November 8th. The technology company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01. PDF Solutions had a negative return on equity of 3.61% and a negative net margin of 7.79%. The firm had revenue of $20.21 million during the quarter, compared to the consensus estimate of $21.20 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue was down 23.8% compared to the same quarter last year. Analysts expect that PDF Solutions will post -0.25 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in PDF Solutions by 16.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,867,981 shares of the technology company’s stock valued at $16,868,000 after acquiring an additional 263,986 shares during the period. BlackRock Inc. lifted its holdings in PDF Solutions by 2.9% in the third quarter. BlackRock Inc. now owns 3,982,768 shares of the technology company’s stock valued at $35,964,000 after acquiring an additional 113,917 shares during the period. Teachers Advisors LLC lifted its holdings in PDF Solutions by 14.3% in the third quarter. Teachers Advisors LLC now owns 56,996 shares of the technology company’s stock valued at $515,000 after acquiring an additional 7,147 shares during the period. Royce & Associates LP lifted its holdings in PDF Solutions by 52.2% in the third quarter. Royce & Associates LP now owns 376,000 shares of the technology company’s stock valued at $3,395,000 after acquiring an additional 129,000 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in PDF Solutions in the third quarter valued at approximately $268,000. 84.60% of the stock is owned by institutional investors.

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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