PDF Solutions, Inc. (NASDAQ:PDFS) Director Purchases $92,240.00 in Stock

PDF Solutions, Inc. (NASDAQ:PDFS) Director Michael B. Gustafson acquired 4,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $23.06 per share, with a total value of $92,240.00. Following the acquisition, the director now directly owns 22,574 shares of the company’s stock, valued at $520,556.44. This represents a 21.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

PDF Solutions Stock Down 5.7 %

Shares of PDF Solutions stock opened at $22.31 on Friday. The firm has a market cap of $865.03 million, a PE ratio of 223.10 and a beta of 1.52. PDF Solutions, Inc. has a 12-month low of $21.69 and a 12-month high of $39.70. The company’s fifty day simple moving average is $26.76 and its two-hundred day simple moving average is $29.18.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $49.40 million. As a group, sell-side analysts expect that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC lifted its position in PDF Solutions by 32.3% during the 3rd quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock valued at $55,743,000 after acquiring an additional 429,550 shares during the period. William Blair Investment Management LLC raised its position in shares of PDF Solutions by 17.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock worth $28,802,000 after purchasing an additional 161,306 shares during the last quarter. Janus Henderson Group PLC boosted its stake in PDF Solutions by 16.7% in the 3rd quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock worth $20,863,000 after purchasing an additional 94,154 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PDF Solutions during the fourth quarter valued at approximately $2,482,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of PDF Solutions by 14.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company’s stock worth $11,338,000 after purchasing an additional 53,037 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PDFS. Northland Securities reaffirmed an “outperform” rating and set a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th. Rosenblatt Securities cut their price objective 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 report on Tuesday, November 12th.

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.