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

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

Analyst Upgrades and Downgrades

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

PDF Solutions Stock Performance

The business has a 50 day moving average of $26.51 and a 200-day moving average of $29.00. The company 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 posted its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share 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 company had revenue of $50.09 million for the quarter, compared to analysts’ expectations of $49.40 million. As a group, equities analysts forecast that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrzej Strojwas sold 5,030 shares of PDF Solutions 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 completion of the sale, the insider now owns 94,717 shares of the company’s stock, valued at approximately $2,922,019.45. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Kachig Kibarian bought 34,356 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. The trade was a 1.39 % 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 Trading of PDF Solutions

Large investors have recently modified their holdings of the business. Delta Investment Management LLC purchased a new stake in PDF Solutions in the fourth quarter valued at approximately $369,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PDF Solutions by 7.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,725 shares of the technology company’s stock valued at $1,780,000 after buying an additional 4,781 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of PDF Solutions by 33.3% during the 4th quarter. Squarepoint Ops LLC now owns 88,366 shares of the technology company’s stock worth $2,393,000 after acquiring an additional 22,063 shares during the last quarter. Two Sigma Investments LP purchased a new position in PDF Solutions in the fourth quarter worth $332,000. Finally, State of Wyoming increased its stake in PDF Solutions by 262.8% in the fourth quarter. State of Wyoming now owns 12,144 shares of the technology company’s stock valued at $329,000 after acquiring an additional 8,797 shares during the last quarter. 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.