PDF Solutions (NASDAQ:PDFS) Sets New 12-Month Low – Here’s Why

Shares of PDF Solutions, Inc. (NASDAQ:PDFS) hit a new 52-week low during trading on Monday . The stock traded as low as $21.20 and last traded at $21.42, with a volume of 251963 shares changing hands. The stock had previously closed at $22.52.

Analyst Ratings Changes

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

PDF Solutions Price Performance

The stock has a fifty day simple moving average of $26.51 and a two-hundred day simple moving average of $29.00. The firm has a market capitalization of $830.52 million, a P/E ratio of 214.20 and a beta of 1.52.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. The business had revenue of $50.09 million for the quarter, compared to analyst estimates of $49.40 million. As a group, sell-side analysts expect that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other PDF Solutions news, insider Andrzej Strojwas sold 5,030 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $30.85, for a total transaction of $155,175.50. Following the transaction, the insider now directly owns 94,717 shares in the company, valued at approximately $2,922,019.45. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Kachig Kibarian bought 34,356 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This represents a 1.39 % 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 Investors Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of PDF Solutions in the 3rd quarter worth approximately $37,000. KBC Group NV boosted its position in PDF Solutions by 91.6% in the fourth 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 last quarter. Nisa Investment Advisors LLC grew its stake in PDF Solutions by 34.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after purchasing an additional 526 shares during the period. Aquatic Capital Management LLC bought a new position in PDF Solutions in the 4th quarter valued at $136,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $160,000. 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.