PDF Solutions, Inc. (NASDAQ:PDFS) Director Purchases $92,240.00 in Stock

PDF Solutions, Inc. (NASDAQ:PDFS) Director Michael B. Gustafson purchased 4,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the transaction, the director now directly owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. This trade represents a 21.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PDF Solutions Price Performance

Shares of PDFS stock opened at $22.31 on Friday. The company’s 50-day simple moving average is $26.76 and its two-hundred day simple moving average is $29.18. The company has a market capitalization of $865.03 million, a P/E ratio of 223.10 and a beta of 1.52. PDF Solutions, Inc. has a one year low of $21.69 and a one year 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 business had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. On average, research analysts expect that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on PDFS shares. StockNews.com raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Rosenblatt Securities decreased their target price on PDF Solutions from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Northland Securities reissued an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a report on Tuesday, December 24th.

Hedge Funds Weigh In On PDF Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in PDF Solutions by 388.4% in the third quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock valued at $1,757,000 after acquiring an additional 44,111 shares in the last quarter. State Street Corp raised its holdings in shares of PDF Solutions by 2.1% during the third quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock worth $36,357,000 after purchasing an additional 23,148 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of PDF Solutions by 41.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company’s stock valued at $2,347,000 after buying an additional 21,877 shares during the last quarter. Franklin Resources Inc. lifted its holdings in PDF Solutions by 8.9% in the third quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock valued at $394,000 after acquiring an additional 1,025 shares during the period. Finally, Creative Planning acquired a new position in shares of PDF Solutions in the 3rd quarter valued at $341,000. 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.