PDF Solutions, Inc. (NASDAQ:PDFS) Director Michael B. Gustafson Purchases 7,500 Shares of Stock

PDF Solutions, Inc. (NASDAQ:PDFS) Director Michael B. Gustafson acquired 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $19.45 per share, with a total value of $145,875.00. Following the completion of the acquisition, the director now directly owns 30,074 shares in the company, valued at approximately $584,939.30. This represents a 33.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PDF Solutions Stock Performance

Shares of NASDAQ PDFS opened at $19.89 on Thursday. The business’s 50-day simple moving average is $19.09 and its 200-day simple moving average is $24.95. The firm has a market cap of $778.47 million, a price-to-earnings ratio of 198.90 and a beta of 1.47. PDF Solutions, Inc. has a 52 week low of $15.91 and a 52 week high of $39.70.

PDF Solutions (NASDAQ:PDFS) 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. As a group, equities research analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PDFS shares. StockNews.com cut shares of PDF Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities cut their target price on shares of PDF Solutions from $37.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Finally, DA Davidson cut their target price on shares of PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

Hedge Funds Weigh In On PDF Solutions

Several large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its holdings in PDF Solutions by 17.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock valued at $28,802,000 after purchasing an additional 161,306 shares in the last quarter. Nuveen LLC acquired a new position in PDF Solutions during the 1st quarter worth $2,628,000. Herald Investment Management Ltd increased its position in PDF Solutions by 166.7% in the first quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company’s stock worth $3,822,000 after purchasing an additional 125,000 shares during the period. Penn Capital Management Company LLC bought a new position in PDF Solutions in the first quarter valued at approximately $2,076,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of PDF Solutions by 68.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 250,159 shares of the technology company’s stock worth $4,781,000 after buying an additional 101,587 shares during the period. 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.