PDF Solutions (NASDAQ:PDFS) Shares Gap Up After Insider Buying Activity

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price gapped up before the market opened on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $21.97, but opened at $23.36. PDF Solutions shares last traded at $23.59, with a volume of 61,436 shares trading hands.

Specifically, CEO John Kachig Kibarian purchased 34,356 shares of PDF Solutions stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the transaction, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael B. Gustafson acquired 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the acquisition, the director now owns 22,574 shares in the company, valued at $520,556.44. The trade was a 21.54 % increase in their position. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

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

PDF Solutions Stock Up 7.3 %

The firm has a market capitalization of $913.80 million, a PE ratio of 235.65 and a beta of 1.52. The business has a 50-day moving average price of $26.99 and a 200-day moving average price of $29.27.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results 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). The company had revenue of $50.09 million during the quarter, compared to analyst estimates of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. On average, equities research analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pitcairn Co. grew its stake in shares of PDF Solutions by 3.1% in the 4th quarter. Pitcairn Co. now owns 13,000 shares of the technology company’s stock valued at $352,000 after buying an additional 390 shares during the period. Nisa Investment Advisors LLC lifted its holdings in PDF Solutions by 34.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after acquiring an additional 526 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PDF Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,712 shares of the technology company’s stock worth $480,000 after acquiring an additional 642 shares during the period. KBC Group NV increased its stake in PDF Solutions by 91.6% during the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after acquiring an additional 956 shares during the last quarter. Finally, Swiss National Bank raised its position in PDF Solutions by 1.7% in the fourth quarter. Swiss National Bank now owns 61,000 shares of the technology company’s stock valued at $1,652,000 after purchasing an additional 1,000 shares during the period. 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.