PDF Solutions (NASDAQ:PDFS) Reaches New 52-Week Low After Earnings Miss

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) hit a new 52-week low during mid-day trading on Friday following a dissappointing earnings announcement. The company traded as low as $24.15 and last traded at $24.85, with a volume of 128166 shares trading hands. The stock had previously closed at $28.08.

The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). PDF Solutions had a net margin of 2.58% and a return on equity of 3.24%. The company had revenue of $50.09 million during the quarter, compared to analyst estimates of $49.40 million.

Analyst Upgrades and Downgrades

PDFS has been the subject of several recent analyst reports. StockNews.com raised shares of PDF Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Rosenblatt Securities dropped their price target on PDF Solutions from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday. Finally, Northland Securities reiterated an "outperform" rating and issued 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 news, Director Nancy Erba sold 2,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $30.81, for a total transaction of $61,620.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrzej Strojwas sold 5,030 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $30.85, for a total value of $155,175.50. Following 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 ownership of the stock. The disclosure for this sale can be found here. 11.13% of the stock is owned by company insiders.

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Institutional Trading of PDF Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Delta Investment Management LLC bought a new position in PDF Solutions in the fourth quarter valued at approximately $369,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of PDF Solutions by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,725 shares of the technology company's stock valued at $1,780,000 after buying an additional 4,781 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of PDF Solutions by 33.3% in the fourth quarter. Squarepoint Ops LLC now owns 88,366 shares of the technology company's stock valued at $2,393,000 after buying an additional 22,063 shares in the last quarter. Two Sigma Investments LP acquired a new position in PDF Solutions during the fourth quarter worth $332,000. Finally, State of Wyoming raised its position in PDF Solutions by 262.8% during the fourth quarter. State of Wyoming now owns 12,144 shares of the technology company's stock worth $329,000 after acquiring an additional 8,797 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

PDF Solutions Stock Down 4.2 %

The business's 50 day simple moving average is $27.93 and its 200 day simple moving average is $29.55. The stock has a market cap of $853.78 million, a price-to-earnings ratio of 200.20 and a beta of 1.52.

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.