PDF Solutions (NASDAQ:PDFS) Sets New 12-Month Low - Here's What Happened

Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $21.20 and last traded at $21.42, with a volume of 251963 shares. The stock had previously closed at $22.52.

Analyst Ratings Changes

PDFS has been the subject of several analyst reports. Rosenblatt Securities reduced their price objective on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, February 14th. StockNews.com upgraded 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 target price on shares of PDF Solutions in a research report on Tuesday, December 24th.

PDF Solutions Trading Up 2.5 %

The stock has a fifty day simple moving average of $26.09 and a 200-day simple moving average of $28.83. The stock has a market cap of $850.68 million, a price-to-earnings ratio of 219.40 and a beta of 1.52.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The company had revenue of $50.09 million for the quarter, compared to the consensus estimate of $49.40 million. Sell-side analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

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Insiders Place Their Bets

In other PDF Solutions news, Director Nancy Erba sold 2,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 13,739 shares in the company, valued at $423,298.59. This trade represents a 12.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrzej Strojwas sold 5,030 shares of PDF Solutions 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 sale, the insider now directly owns 94,717 shares in the company, valued at $2,922,019.45. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.13% of the company's stock.

Institutional Investors Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its position in PDF Solutions by 388.4% in the third quarter. Barclays PLC now owns 55,467 shares of the technology company's stock valued at $1,757,000 after buying an additional 44,111 shares in the last quarter. State Street Corp grew its position in PDF Solutions by 2.1% during the 3rd quarter. State Street Corp now owns 1,147,622 shares of the technology company's stock worth $36,357,000 after acquiring an additional 23,148 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in PDF Solutions by 41.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company's stock valued at $2,347,000 after purchasing an additional 21,877 shares in the last quarter. Franklin Resources Inc. raised its position in PDF Solutions by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company's stock valued at $394,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Creative Planning acquired a new position in PDF Solutions in the third quarter worth $341,000. Institutional investors and hedge funds 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.