PDF Solutions (NASDAQ:PDFS) Shares Gap Down - Time to 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 trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on PDFS. StockNews.com upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Rosenblatt Securities cut their price target on PDF Solutions from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, DA Davidson lowered their price objective on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

PDF Solutions Stock Performance

The company's 50 day moving average price is $19.55 and its 200-day moving average price is $25.47. The stock has a market cap of $750.60 million, a P/E ratio of 191.90 and a beta of 1.62.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. On average, analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John Kachig Kibarian purchased 34,356 shares of the business's stock in a transaction on Monday, February 24th. The stock was acquired 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 approximately $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Gustafson acquired 4,000 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the transaction, the director now directly owns 22,574 shares in the company, valued at approximately $520,556.44. The trade was a 21.54 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.13% of the company's stock.

Institutional Trading of PDF Solutions

Several hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC boosted its holdings in PDF Solutions by 17.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock valued at $28,802,000 after acquiring an additional 161,306 shares during the period. Raymond James Financial Inc. bought a new position in shares of PDF Solutions in the fourth quarter worth approximately $2,482,000. Bridge City Capital LLC bought a new position in shares of PDF Solutions in the first quarter worth approximately $1,527,000. Needham Investment Management LLC increased its stake in shares of PDF Solutions by 3.3% in the fourth quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company's stock worth $49,218,000 after buying an additional 57,950 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in PDF Solutions by 14.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company's stock valued at $11,338,000 after buying an additional 53,037 shares during the last quarter. 79.51% of the stock is owned by institutional investors.

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.