PDF Solutions (NASDAQ:PDFS) Sets New 12-Month Low After Earnings Miss

PDF Solutions, Inc. (NASDAQ:PDFS)’s stock price reached a new 52-week low on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $24.15 and last traded at $24.85, with a volume of 128166 shares traded. The stock had previously closed at $28.08.

The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). PDF Solutions had a net margin of 2.58% and a return on equity of 3.24%.

Analysts Set New Price Targets

PDFS has been the subject of several recent research reports. StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Rosenblatt Securities decreased their price target on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday. Finally, Northland Securities reaffirmed an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a research report on Tuesday, December 24th.

Insider Transactions at PDF Solutions

In other PDF Solutions news, insider Andrzej Strojwas sold 5,030 shares of PDF Solutions stock in a transaction dated Monday, December 16th. The stock was 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. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nancy Erba sold 2,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were 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 in the company, valued at approximately $423,298.59. The trade was a 12.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.13% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in shares of PDF Solutions by 44.4% during the 3rd quarter. SG Americas Securities LLC now owns 13,374 shares of the technology company’s stock worth $424,000 after buying an additional 4,113 shares during the last quarter. Creative Planning purchased a new stake in PDF Solutions in the third quarter valued at $341,000. Nisa Investment Advisors LLC boosted its stake in PDF Solutions by 34.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after acquiring an additional 526 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of PDF Solutions by 1.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 728,144 shares of the technology company’s stock worth $23,068,000 after purchasing an additional 12,224 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in shares of PDF Solutions by 2.2% during the third quarter. Emerald Advisers LLC now owns 895,248 shares of the technology company’s stock worth $28,361,000 after purchasing an additional 19,673 shares in the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.

PDF Solutions Trading Down 18.2 %

The firm has a market capitalization of $891.00 million, a PE ratio of 208.93 and a beta of 1.52. The company has a fifty day moving average price of $28.23 and a two-hundred day moving average price of $29.78.

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.