PDF Solutions (NASDAQ:PDFS) Hits New 52-Week Low – Should You Sell?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.10 and last traded at $17.23, with a volume of 106100 shares. The stock had previously closed at $19.04.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PDFS shares. 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 research report on Friday, February 14th. Northland Securities reaffirmed an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th.

PDF Solutions Stock Performance

The stock has a market capitalization of $679.41 million, a P/E ratio of 173.70 and a beta of 1.59. The business has a 50-day moving average price of $23.42 and a 200 day moving average price of $27.55.

PDF Solutions (NASDAQ:PDFS) last released its earnings results on Thursday, February 13th. The technology company reported $0.08 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 return on equity of 3.94% and a net margin of 2.26%. As a group, research analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at PDF Solutions

In related news, CEO John Kachig Kibarian bought 34,356 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the acquisition, the chief executive officer now 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 SEC, which is accessible through this hyperlink. Also, Director Michael B. Gustafson purchased 4,000 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the acquisition, the director now directly owns 22,574 shares in the company, valued at approximately $520,556.44. This trade represents a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. KBC Group NV lifted its stake in shares of PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after purchasing an additional 956 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of PDF Solutions during the 4th quarter worth $136,000. KLP Kapitalforvaltning AS bought a new stake in shares of PDF Solutions during the 4th quarter valued at $160,000. Empowered Funds LLC purchased a new stake in shares of PDF Solutions in the 4th quarter worth $165,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in PDF Solutions in the 4th quarter worth $232,000. 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.