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

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price reached a new 52-week low on Friday . The company 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.

Analyst Upgrades and Downgrades

PDFS has been the subject of a number of research reports. Rosenblatt Securities reduced their target price 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. Northland Securities reissued an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a research report on Tuesday, December 24th.

PDF Solutions Trading Down 3.0 %

The company’s fifty day moving average is $24.79 and its 200 day moving average is $28.13. The company has a market capitalization of $795.15 million, a P/E ratio of 202.95 and a beta of 1.59.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data 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 business had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. Equities research analysts predict that PDF Solutions, Inc. will post 0.32 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of PDF Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of PDF Solutions during the 3rd quarter valued at $37,000. KBC Group NV raised its position in shares of PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after buying an additional 956 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $136,000. KLP Kapitalforvaltning AS purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $160,000. Finally, Empowered Funds LLC purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $165,000. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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.