PDF Solutions (NASDAQ:PDFS) Hits New 52-Week Low – Here’s Why

PDF Solutions, Inc. (NASDAQ:PDFS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.60 and last traded at $26.85, with a volume of 7350 shares changing hands. The stock had previously closed at $27.36.

Analyst Upgrades and Downgrades

PDFS has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a research report on Friday, November 8th. StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, 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.

PDF Solutions Stock Performance

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 246.93 and a beta of 1.53. The business has a 50-day moving average of $29.86 and a 200-day moving average of $31.07.

Insider Buying and Selling at PDF Solutions

In other news, insider Andrzej Strojwas sold 5,030 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $30.85, for a total value of $155,175.50. Following the transaction, the insider now directly owns 94,717 shares in the company, valued at approximately $2,922,019.45. This represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy Erba sold 2,000 shares of PDF Solutions stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $30.81, for a total transaction of $61,620.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 11.13% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

Hedge funds have recently bought and sold shares of the company. Needham Investment Management LLC grew its position in PDF Solutions by 32.3% in 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 in the last quarter. Janus Henderson Group PLC boosted its stake in shares of PDF Solutions by 16.7% in the third quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock valued at $20,863,000 after purchasing an additional 94,154 shares during the period. Divisar Capital Management LLC grew its holdings in shares of PDF Solutions by 9.1% in the second quarter. Divisar Capital Management LLC now owns 595,583 shares of the technology company’s stock valued at $21,667,000 after purchasing an additional 49,762 shares in the last quarter. Barclays PLC increased its stake in PDF Solutions by 388.4% during the 3rd quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock worth $1,757,000 after buying an additional 44,111 shares during the period. Finally, Bank of Montreal Can acquired a new stake in PDF Solutions during the 2nd quarter worth approximately $1,538,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

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.