PDF Solutions (NASDAQ:PDFS) Reaches New 12-Month Low – Time to Sell?

PDF Solutions, Inc. (NASDAQ:PDFS)’s share price reached a new 52-week low during mid-day 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.

Analyst Ratings Changes

PDFS has been the topic of several analyst reports. Northland Securities reaffirmed an “outperform” rating and set a $45.00 price target on shares of PDF Solutions in a report on Tuesday, December 24th. 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.

PDF Solutions Price Performance

The stock has a market cap of $679.41 million, a P/E ratio of 173.70 and a beta of 1.59. The stock’s 50-day moving average is $23.42 and its two-hundred day moving average is $27.55.

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 the consensus estimate of $0.23 by ($0.15). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The firm had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. On average, analysts anticipate that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at PDF Solutions

In related news, CEO John Kachig Kibarian bought 34,356 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the transaction, the chief executive officer now owns 2,507,112 shares in the company, valued at $57,162,153.60. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael B. Gustafson purchased 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $23.06 per share, with a total value of $92,240.00. Following the completion of the transaction, the director now owns 22,574 shares of the company’s stock, valued at $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. 11.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PDF Solutions

A number of large investors have recently made changes to their positions in PDFS. KBC Group NV lifted its stake in PDF Solutions by 91.6% in the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after purchasing an additional 956 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of PDF Solutions during the fourth quarter worth $136,000. KLP Kapitalforvaltning AS purchased a new stake in shares of PDF Solutions during the fourth quarter valued at $160,000. Empowered Funds LLC purchased a new position in PDF Solutions in the 4th quarter worth about $165,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in PDF Solutions during the 4th quarter valued at about $232,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

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.