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

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

Analysts Set New Price Targets

Several brokerages have commented on PDFS. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a research note on Friday, November 8th. Northland Securities restated an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a research note on Tuesday, December 24th. Finally, StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th.

PDF Solutions Stock Performance

The firm’s 50 day moving average is $29.95 and its 200-day moving average is $31.20. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 244.29 and a beta of 1.53.

Insiders Place Their Bets

In other news, Director Nancy Erba sold 2,000 shares of the company’s stock in a transaction 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 represents a 12.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrzej Strojwas sold 5,030 shares of the company’s 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 completion of the sale, the insider now directly owns 94,717 shares of the company’s stock, valued at $2,922,019.45. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. 11.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PDFS. Needham Investment Management LLC lifted its position in shares of PDF Solutions by 32.3% during the third quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock worth $55,743,000 after purchasing an additional 429,550 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of PDF Solutions by 16.7% during the third quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock worth $20,863,000 after acquiring an additional 94,154 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of PDF Solutions by 13.9% during the second quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after acquiring an additional 90,789 shares during the last quarter. Herald Investment Management Ltd purchased a new position in PDF Solutions in the 2nd quarter valued at $2,725,000. Finally, Divisar Capital Management LLC grew its position in PDF Solutions by 9.1% in the 2nd quarter. Divisar Capital Management LLC now owns 595,583 shares of the technology company’s stock valued at $21,667,000 after buying an additional 49,762 shares during the last quarter. Hedge funds and other 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.