Insider Buying: PDF Solutions, Inc. (NASDAQ:PDFS) Director Buys 4,000 Shares of Stock

PDF Solutions, Inc. (NASDAQ:PDFS) Director Michael B. Gustafson acquired 4,000 shares of the stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $23.06 per share, with a total value of $92,240.00. Following the transaction, the director now directly owns 22,574 shares of the company’s stock, valued at $520,556.44. The trade was a 21.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PDF Solutions Trading Down 2.2 %

PDF Solutions stock opened at $21.97 on Wednesday. The firm has a 50-day moving average price of $26.99 and a 200-day moving average price of $29.27. The firm has a market capitalization of $851.84 million, a PE 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 posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate 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 return on equity of 3.94% and a net margin of 2.26%. As a group, sell-side analysts predict that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on PDFS. Rosenblatt Securities lowered 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. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Northland Securities restated an “outperform” rating and issued a $45.00 target price on shares of PDF Solutions in a report on Tuesday, December 24th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC increased its stake in PDF Solutions by 3.3% in the 4th quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company’s stock worth $49,218,000 after buying an additional 57,950 shares during the period. State Street Corp increased its position in PDF Solutions by 2.1% during 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 period. William Blair Investment Management LLC increased its position in PDF Solutions by 17.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock valued at $28,802,000 after purchasing an additional 161,306 shares during the period. Emerald Advisers LLC increased its position in PDF Solutions by 3.3% during the 4th quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company’s stock valued at $25,031,000 after purchasing an additional 29,097 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in PDF Solutions by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company’s stock valued at $24,652,000 after purchasing an additional 34,575 shares during the period. 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.