John Kachig Kibarian Acquires 34,356 Shares of PDF Solutions, Inc. (NASDAQ:PDFS) Stock

PDF Solutions, Inc. (NASDAQ:PDFS) CEO John Kachig Kibarian purchased 34,356 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the acquisition, the chief executive officer now directly owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PDF Solutions Trading Down 2.2 %

Shares of PDFS traded down $0.49 during trading hours on Tuesday, reaching $21.97. The company had a trading volume of 217,761 shares, compared to its average volume of 236,568. The firm has a 50 day simple moving average of $27.16 and a 200-day simple moving average of $29.33. The company has a market capitalization of $851.84 million, a price-to-earnings ratio of 219.70 and a beta of 1.52. PDF Solutions, Inc. has a 12-month low of $21.69 and a 12-month high of $39.70.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) 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 analysts’ expectations of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. Sell-side analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

PDFS has been the subject of several analyst reports. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Northland Securities reiterated an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a research report on Tuesday, December 24th. Finally, 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.

Hedge Funds Weigh In On PDF Solutions

A number of large investors have recently made changes to their positions in PDFS. Meeder Asset Management Inc. acquired a new stake in PDF Solutions in the 3rd quarter valued at about $37,000. KBC Group NV grew its stake in PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after acquiring an additional 956 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in PDF Solutions by 34.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after acquiring an additional 526 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in PDF Solutions in the 4th quarter valued at about $136,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in PDF Solutions in the 4th quarter valued at about $160,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

PDF Solutions Company Profile

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.