PDF Solutions (NASDAQ:PDFS) Shares Gap Up on Insider Buying Activity

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price gapped up prior to trading on Wednesday following insider buying activity. The stock had previously closed at $21.97, but opened at $23.36. PDF Solutions shares last traded at $23.59, with a volume of 61,436 shares trading hands.

Specifically, CEO John Kachig Kibarian acquired 34,356 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Gustafson bought 4,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost 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 disclosure for this purchase can be found here.

Analysts Set New Price Targets

Several research firms recently weighed in on PDFS. Rosenblatt Securities cut their price objective on PDF Solutions from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 14th. StockNews.com upgraded 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 set a $45.00 price target on shares of PDF Solutions in a report on Tuesday, December 24th.

PDF Solutions Price Performance

The company has a market cap of $917.76 million, a price-to-earnings ratio of 236.70 and a beta of 1.52. The business’s fifty day moving average price is $26.88 and its 200 day moving average price is $29.23.

PDF Solutions (NASDAQ:PDFS) last announced its 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). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The company had revenue of $50.09 million for the quarter, compared to analyst estimates of $49.40 million. As a group, equities research analysts anticipate that PDF Solutions, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On PDF Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pitcairn Co. increased its position in PDF Solutions by 3.1% during the 4th quarter. Pitcairn Co. now owns 13,000 shares of the technology company’s stock valued at $352,000 after purchasing an additional 390 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of 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 purchasing an additional 526 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PDF Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,712 shares of the technology company’s stock worth $480,000 after buying an additional 642 shares during the period. KBC Group NV raised its stake in PDF Solutions by 91.6% during the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after buying an additional 956 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in PDF Solutions by 1.7% in the fourth quarter. Swiss National Bank now owns 61,000 shares of the technology company’s stock valued at $1,652,000 after buying an additional 1,000 shares during the period. 79.51% of the stock is owned by institutional investors and hedge funds.

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.