PDF Solutions (NASDAQ:PDFS) Reaches New 52-Week Low – Here’s What Happened

PDF Solutions, Inc. (NASDAQ:PDFS) shares reached a new 52-week low on Friday . The stock traded as low as $20.25 and last traded at $20.50, with a volume of 75521 shares trading hands. The stock had previously closed at $20.96.

Analysts Set New Price Targets

PDFS has been the subject of a number of research reports. Northland Securities reissued an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a report on Tuesday, December 24th. Rosenblatt Securities cut their price objective on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

PDF Solutions Price Performance

The business has a 50 day simple moving average of $24.66 and a 200 day simple moving average of $28.04. The company has a market cap of $813.18 million, a price-to-earnings ratio of 207.90 and a beta of 1.59.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). The company had revenue of $50.09 million during the quarter, compared to analyst estimates of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. As a group, sell-side analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at PDF Solutions

In other news, Director Michael B. Gustafson bought 4,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the purchase, the director now owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. The trade was a 21.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Kachig Kibarian purchased 34,356 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $22.80 per share, with a total value of $783,316.80. Following the completion of the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in PDF Solutions by 2.0% during the third quarter. FMR LLC now owns 119,153 shares of the technology company’s stock worth $3,775,000 after acquiring an additional 2,360 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of PDF Solutions by 50.4% during the 3rd quarter. Verition Fund Management LLC now owns 26,803 shares of the technology company’s stock worth $849,000 after purchasing an additional 8,980 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of PDF Solutions by 16.7% during the 3rd quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock worth $20,863,000 after purchasing an additional 94,154 shares during the last quarter. Needham Investment Management LLC raised its holdings in shares of PDF Solutions by 32.3% in the 3rd quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock valued at $55,743,000 after purchasing an additional 429,550 shares during the period. Finally, State Street Corp lifted its stake in PDF Solutions by 2.1% in the 3rd quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock valued at $36,357,000 after purchasing an additional 23,148 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

About PDF Solutions

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.