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

PDF Solutions, Inc. (NASDAQ:PDFS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $17.10 and last traded at $17.23, with a volume of 106100 shares. The stock had previously closed at $19.04.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Northland Securities reissued an “outperform” rating and set a $45.00 target price on shares of PDF Solutions in a report on Tuesday, December 24th. Rosenblatt Securities reduced 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.

PDF Solutions Stock Down 2.9 %

The business’s 50-day moving average price is $22.98 and its 200 day moving average price is $27.39. The company has a market capitalization of $659.46 million, a P/E ratio of 168.60 and a beta of 1.59.

PDF Solutions (NASDAQ:PDFS) last released its quarterly 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). PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. The firm had revenue of $50.09 million for the quarter, compared to analysts’ expectations of $49.40 million. Analysts anticipate that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at PDF Solutions

In other news, CEO John Kachig Kibarian bought 34,356 shares of PDF Solutions stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $22.80 per share, with a total value 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 $57,162,153.60. The trade was a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael B. Gustafson purchased 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $23.06 per share, with a total value of $92,240.00. Following the purchase, the director now owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. The trade was a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.13% of the company’s stock.

Institutional Trading of PDF Solutions

A number of hedge funds have recently bought and sold shares of the company. Pitcairn Co. grew its position in PDF Solutions by 3.1% during the fourth quarter. Pitcairn Co. now owns 13,000 shares of the technology company’s stock valued at $352,000 after acquiring an additional 390 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of PDF Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,712 shares of the technology company’s stock valued at $480,000 after purchasing an additional 642 shares during the last quarter. KBC Group NV grew its holdings in shares of PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after purchasing an additional 956 shares during the last quarter. Swiss National Bank raised its position in PDF Solutions by 1.7% in the 4th quarter. Swiss National Bank now owns 61,000 shares of the technology company’s stock worth $1,652,000 after purchasing an additional 1,000 shares during the period. Finally, Franklin Resources Inc. lifted its stake in PDF Solutions by 8.9% in 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. 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.