PDF Solutions (NASDAQ:PDFS) Shares Gap Up After Insider Buying Activity

PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report)'s stock price gapped up before the market opened on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $21.97, but opened at $23.36. PDF Solutions shares last traded at $23.59, with a volume of 61,436 shares trading hands.

Specifically, CEO John Kachig Kibarian purchased 34,356 shares of PDF Solutions stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $22.80 per share, with a total value of $783,316.80. Following the transaction, the chief executive officer now owns 2,507,112 shares of the company's stock, valued at $57,162,153.60. This represents a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael B. Gustafson purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the purchase, the director now directly owns 22,574 shares in the company, valued at $520,556.44. This trade represents a 21.54 % increase in their position. The disclosure for this purchase can be found here.

Analysts Set New Price Targets

Several analysts recently commented on PDFS shares. StockNews.com upgraded PDF Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Northland Securities restated an "outperform" rating and set a $45.00 price target on shares of PDF Solutions in a research report on Tuesday, December 24th. Finally, Rosenblatt Securities lowered their price target on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, February 14th.

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PDF Solutions Stock Up 0.9 %

The stock's 50-day simple moving average is $26.65 and its 200 day simple moving average is $29.12. The company has a market cap of $873.17 million, a price-to-earnings ratio of 225.20 and a beta of 1.52.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDFS. Meeder Asset Management Inc. acquired a new position in PDF Solutions in the third quarter valued at approximately $37,000. KBC Group NV boosted its holdings in shares of PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company's stock valued at $54,000 after buying an additional 956 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of PDF Solutions by 34.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company's stock valued at $65,000 after buying an additional 526 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of PDF Solutions in the 4th quarter valued at $136,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in PDF Solutions during the 4th quarter worth $160,000. Institutional investors and hedge funds own 79.51% of the company's stock.

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.