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John Kibarian, President and CEO of PDF Solutions Inc. (NASDAQ:PDFS), recently increased his holdings in the company through a series of stock purchases. On February 24 and 25, Kibarian acquired a total of 50,000 shares of common stock. These transactions were executed at average prices ranging from $22.11 to $22.80 per share, amounting to a total investment of approximately $1.13 million. The timing is notable as the stock currently trades near its 52-week low of $21.69, following a significant 30% decline over the past six months.
Following these acquisitions, Kibarian holds a significant number of shares both directly and indirectly. The shares acquired are held by The John Kibarian and Gloria Chen Trust, for which Kibarian serves as a trustee. After these transactions, Kibarian’s total holdings in PDF Solutions have increased to over 2.5 million shares. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 3.4, indicating robust liquidity.
PDF Solutions, based in Santa Clara, California, is known for its software solutions in the semiconductor industry. These recent stock purchases by Kibarian may signal confidence in the company’s future prospects, supported by steady revenue growth of 8.22% over the last twelve months. For deeper insights into PDF Solutions’ valuation and growth metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, PDF Solutions has reported its fourth-quarter earnings, revealing a revenue of $50.1 million, which exceeded the forecast of $46.4 million, marking a 22% year-over-year growth. However, the company’s earnings per share (EPS) slightly missed expectations, coming in at $0.25 compared to the anticipated $0.26. Despite this minor shortfall in EPS, the company achieved record quarterly total revenues, with a 22% increase from the previous year and a notable performance in its analytics revenue. For the full year, PDF Solutions reported revenues of $179.5 million, representing an 8% increase from the previous year.
Additionally, PDF Solutions announced a definitive agreement to acquire secureWISE, LLC for $130 million, with the transaction expected to close in the first quarter of 2025. This acquisition aims to enhance PDF Solutions’ analytics software and expand its secure DEX OSAT network. PDF Solutions plans to finance the acquisition through a mix of cash on hand and $70 million in new bank debt. The company expects the transaction to contribute to a full-year 2025 revenue growth rate of 21% to 23% and to be slightly accretive to EPS.
Analysts have expressed cautious optimism about PDF Solutions’ future, with Rosenblatt Securities noting the company’s improved gross margins and projecting a 15% revenue growth in 2025. The company’s cash position remains strong, with cash, cash equivalents, and short-term investments totaling $114.9 million as of the end of the fourth quarter. PDF Solutions continues to focus on strategic innovations and expanding its market presence, particularly in the semiconductor industry, as it navigates mixed industry trends.
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