PDF Solutions (NASDAQ:PDFS) Shares Gap Down - Should You Sell?

Shares of PDF Solutions, Inc. (NASDAQ:PDFS - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $18.48, but opened at $17.53. PDF Solutions shares last traded at $18.52, with a volume of 3,128 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on PDFS. Rosenblatt Securities lowered their price objective on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. DA Davidson lowered their price objective 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. Finally, StockNews.com upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd.

PDF Solutions Price Performance

The firm has a market capitalization of $739.45 million, a P/E ratio of 188.86 and a beta of 1.62. The firm's fifty day moving average price is $19.61 and its 200-day moving average price is $25.57.

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

Insiders Place Their Bets

In other PDF Solutions news, CEO John Kachig Kibarian bought 34,356 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at $57,162,153.60. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael B. Gustafson bought 4,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was bought at an average price of $23.06 per share, with a total value of $92,240.00. Following the transaction, the director now owns 22,574 shares in the company, valued at approximately $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.13% of the company's stock.

Institutional Investors Weigh In On PDF Solutions

Several institutional investors have recently made changes to their positions in PDFS. William Blair Investment Management LLC raised 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 buying an additional 161,306 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of PDF Solutions during the fourth quarter worth approximately $2,482,000. Bridge City Capital LLC bought a new stake in PDF Solutions in the 1st quarter valued at $1,527,000. Needham Investment Management LLC increased its holdings in shares of PDF Solutions by 3.3% during the 4th quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company's stock worth $49,218,000 after purchasing an additional 57,950 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in PDF Solutions by 14.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company's stock valued at $11,338,000 after acquiring an additional 53,037 shares during the period. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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.