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

Share on StockTwits

PDF Solutions (NASDAQ:PDFS) issued its quarterly earnings data on Thursday. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01, Morningstar.com reports. PDF Solutions had a negative net margin of 4.60% and a negative return on equity of 2.28%. The business had revenue of $20.21 million for the quarter, compared to analysts’ expectations of $21.20 million. During the same period in the previous year, the business earned $0.11 earnings per share. The company’s revenue was down 23.8% on a year-over-year basis.

PDF Solutions stock traded up $0.50 during midday trading on Friday, hitting $8.94. The company’s stock had a trading volume of 535,275 shares, compared to its average volume of 265,042. PDF Solutions has a 12 month low of $7.56 and a 12 month high of $18.48. The stock has a market cap of $273.52 million, a PE ratio of -223.50 and a beta of 1.10.

A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in PDF Solutions by 2.4% in the first quarter. Principal Financial Group Inc. now owns 210,592 shares of the technology company’s stock worth $2,456,000 after acquiring an additional 4,991 shares in the last quarter. Keybank National Association OH raised its position in PDF Solutions by 27.3% in the second quarter. Keybank National Association OH now owns 38,424 shares of the technology company’s stock worth $460,000 after acquiring an additional 8,238 shares in the last quarter. Brown Advisory Inc. raised its position in PDF Solutions by 43.5% in the first quarter. Brown Advisory Inc. now owns 27,926 shares of the technology company’s stock worth $326,000 after acquiring an additional 8,460 shares in the last quarter. Bank of New York Mellon Corp raised its position in PDF Solutions by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 329,744 shares of the technology company’s stock worth $3,951,000 after acquiring an additional 10,658 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in PDF Solutions in the second quarter worth about $139,000. Hedge funds and other institutional investors own 86.47% of the company’s stock.

A number of equities research analysts recently weighed in on PDFS shares. DA Davidson cut their price objective on shares of PDF Solutions from $18.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, August 29th. TheStreet cut shares of PDF Solutions from a “c-” rating to a “d+” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded shares of PDF Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub upgraded shares of PDF Solutions from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Finally, ValuEngine upgraded shares of PDF Solutions from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

TRADEMARK VIOLATION NOTICE: “PDF Solutions (PDFS) Releases Earnings Results, Beats Expectations By $0.01 EPS” was reported by Week Herald and is the property of of Week Herald. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://weekherald.com/2018/11/10/pdf-solutions-pdfs-releases-earnings-results-beats-expectations-by-0-01-eps.html.

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.

See Also: How to Use a Moving Average for Trading 

Earnings History for PDF Solutions (NASDAQ:PDFS)

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.

Leave a Reply