Michael B. Gustafson Purchases 4,000 Shares of PDF Solutions, Inc. (NASDAQ:PDFS) Stock

PDF Solutions, Inc. (NASDAQ:PDFS) Director Michael B. Gustafson acquired 4,000 shares of the company’s stock in a transaction that occurred on 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 $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PDF Solutions Price Performance

NASDAQ:PDFS traded down $0.49 during trading hours on Tuesday, reaching $21.97. 217,761 shares of the company traded hands, compared to its average volume of 236,568. The firm’s 50-day moving average is $27.16 and its 200-day moving average is $29.33. The stock has a market cap of $851.84 million, a P/E ratio of 219.70 and a beta of 1.52. PDF Solutions, Inc. has a 1-year low of $21.69 and a 1-year high of $39.70.

PDF Solutions (NASDAQ:PDFS) last announced 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 for the quarter, compared to analyst estimates of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. As a group, research analysts predict that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On PDF Solutions

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of PDF Solutions by 388.4% during the third quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock worth $1,757,000 after purchasing an additional 44,111 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 purchasing an additional 23,148 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of PDF Solutions by 41.9% during the third quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company’s stock worth $2,347,000 after purchasing an additional 21,877 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of PDF Solutions by 8.9% during the third quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock worth $394,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of PDF Solutions during the third quarter worth $341,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Wall Street Analysts Forecast Growth

PDFS has been the subject of several research analyst reports. Northland Securities reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of PDF Solutions in a research note on Tuesday, December 24th. Rosenblatt Securities lowered their target price on PDF Solutions from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

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.