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

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.10 and last traded at $20.42, with a volume of 8490 shares traded. The stock had previously closed at $20.47.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Rosenblatt Securities dropped their price target on 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 reaffirmed an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a research note on Tuesday, December 24th.

PDF Solutions Trading Down 0.3 %

The company has a fifty day moving average price of $24.29 and a two-hundred day moving average price of $27.87. The firm has a market capitalization of $798.12 million, a price-to-earnings ratio of 204.95 and a beta of 1.59.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data 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 for 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, equities research analysts expect that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other news, Director Michael B. Gustafson purchased 4,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Kachig Kibarian acquired 34,356 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired 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 directly owns 2,507,112 shares of the company’s stock, valued at $57,162,153.60. The trade was a 1.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.13% of the company’s stock.

Institutional Investors Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC grew its holdings in shares of PDF Solutions by 3.3% during the 4th quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company’s stock worth $49,218,000 after purchasing an additional 57,950 shares during the period. State Street Corp boosted its stake in 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 buying an additional 23,148 shares during the period. William Blair Investment Management LLC increased its position in shares of PDF Solutions by 17.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock valued at $28,802,000 after acquiring an additional 161,306 shares during the last quarter. Emerald Advisers LLC raised its stake in shares of PDF Solutions by 3.3% in the 4th quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company’s stock valued at $25,031,000 after acquiring an additional 29,097 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of PDF Solutions by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company’s stock worth $24,652,000 after acquiring an additional 34,575 shares during the last quarter. Institutional investors and hedge funds 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.