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

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PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $27.52 and last traded at $27.59, with a volume of 37724 shares trading hands. The stock had previously closed at $28.76.

Analysts Set New Price Targets

A number of brokerages recently commented on PDFS. StockNews.com upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $40.00 price objective on shares of PDF Solutions in a research note on Friday, November 8th. Finally, Northland Securities restated an "outperform" rating and set a $45.00 target price on shares of PDF Solutions in a research report on Tuesday.

Read Our Latest Analysis on PDFS

PDF Solutions Price Performance

The firm's 50-day moving average price is $30.19 and its 200 day moving average price is $31.74. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 253.57 and a beta of 1.51.

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 on 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 in the company, valued at $2,922,019.45. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy Erba sold 2,000 shares of PDF Solutions stock in a transaction on 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 $423,298.59. The trade was a 12.71 % decrease in their position. The disclosure for this sale can be found here. 11.13% of the stock is owned by insiders.

Institutional Investors Weigh In On PDF Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDFS. nVerses Capital LLC purchased a new position in PDF Solutions in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of PDF Solutions during the 3rd quarter valued at $37,000. GAMMA Investing LLC lifted its holdings in shares of PDF Solutions by 77.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,716 shares of the technology company's stock valued at $54,000 after acquiring an additional 748 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in PDF Solutions by 34.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company's stock worth $65,000 after purchasing an additional 526 shares during the period. Finally, Quest Partners LLC increased its holdings in PDF Solutions by 20,281.5% in the 2nd quarter. Quest Partners LLC now owns 5,503 shares of the technology company's stock valued at $200,000 after purchasing an additional 5,476 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

About PDF Solutions

(Get Free Report)

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.

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