PDF Solutions (NASDAQ:PDFS) Sets New 1-Year Low – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Rosenblatt Securities decreased 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. Northland Securities reiterated an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a research report on Tuesday, December 24th.

PDF Solutions Price Performance

The company has a market cap of $754.12 million, a P/E ratio of 192.80 and a beta of 1.59. The business’s 50 day moving average price is $23.97 and its 200-day moving average price is $27.76.

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

Insiders Place Their Bets

In other news, CEO John Kachig Kibarian acquired 34,356 shares of PDF Solutions stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the acquisition, the chief executive officer now owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael B. Gustafson bought 4,000 shares of the stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $23.06 per share, with a total value 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 trade represents a 21.54 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.13% of the company’s stock.

Institutional Trading of PDF Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC raised its holdings in PDF Solutions by 32.3% in the third quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock worth $55,743,000 after purchasing an additional 429,550 shares during the period. William Blair Investment Management LLC boosted 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 worth $28,802,000 after buying an additional 161,306 shares during the period. Janus Henderson Group PLC grew its holdings in shares of PDF Solutions by 16.7% during the third quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock worth $20,863,000 after buying an additional 94,154 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in PDF Solutions in the 4th quarter valued at approximately $2,482,000. Finally, Thrivent Financial for Lutherans lifted its stake in PDF Solutions by 14.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company’s stock valued at $11,338,000 after acquiring an additional 53,037 shares in the last quarter. 79.51% of the stock is currently 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.