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

PDF Solutions, Inc. (NASDAQ:PDFS) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $26.48 and last traded at $26.26, with a volume of 45544 shares. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PDFS shares. Northland Securities reaffirmed an “outperform” rating and set a $45.00 price target on shares of PDF Solutions in a research report on Tuesday, December 24th. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of PDF Solutions in a report on Friday, November 8th. Finally, StockNews.com upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

PDF Solutions Price Performance

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 239.84 and a beta of 1.53. The company’s 50-day simple moving average is $29.06 and its 200-day simple moving average is $30.44.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). PDF Solutions had a net margin of 2.58% and a return on equity of 3.24%. The firm had revenue of $46.41 million for the quarter, compared to analyst estimates of $45.90 million. During the same period in the previous year, the business posted $0.04 earnings per share. Equities analysts predict that PDF Solutions, Inc. will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at PDF Solutions

In other news, insider Andrzej Strojwas sold 5,030 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $30.85, for a total transaction of $155,175.50. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy Erba sold 2,000 shares of PDF Solutions stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $30.81, for a total value of $61,620.00. Following the completion of the transaction, the director now owns 13,739 shares of the company’s stock, valued at $423,298.59. This trade represents a 12.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Dana Investment Advisors Inc. raised its position in shares of PDF Solutions by 0.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 54,664 shares of the technology company’s stock valued at $1,989,000 after acquiring an additional 491 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of PDF Solutions by 34.7% during the third quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock worth $65,000 after purchasing an additional 526 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of PDF Solutions by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,433 shares of the technology company’s stock worth $598,000 after purchasing an additional 707 shares during the period. GAMMA Investing LLC lifted its position in shares of PDF Solutions by 77.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,716 shares of the technology company’s stock worth $54,000 after buying an additional 748 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after buying an additional 956 shares during the period. 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.