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Santa Clara, CA - Michael B. Gustafson, a director at PDF Solutions Inc. (NASDAQ:PDFS), has purchased 4,000 shares of the company’s common stock, according to a recent SEC filing. The shares were acquired on February 24, 2025, at a weighted average price of $23.06 per share, totaling approximately $92,240. The purchase comes as the stock trades near its 52-week low of $21.69, with InvestingPro data showing the company maintains a strong balance sheet with a current ratio of 3.4.
Gustafson’s purchase was executed in multiple transactions, with prices ranging from $22.92 to $23.10 per share. Following this acquisition, Gustafson now holds 22,574 shares directly in the $854 million market cap company.
PDF Solutions, based in Santa Clara, is known for its prepackaged software services. The company continues to be a significant player in the technology sector, with its latest insider trading activity reflecting confidence in its market position. InvestingPro analysts project 14% revenue growth for FY2025, with 15+ additional insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, PDF Solutions has announced a definitive agreement to acquire secureWISE, LLC for $130 million from Telit IoT Solutions Inc. This acquisition, expected to close in the first quarter of 2025, aims to enhance PDF Solutions’ analytics capabilities and expand its secure DEX OSAT network, potentially boosting their revenue growth rate by 21% to 23% for the full year 2025. The company plans to finance the acquisition through a mix of cash and $70 million in new bank debt. Additionally, PDF Solutions reported mixed results for the fourth quarter, with earnings per share (EPS) of $0.25, slightly below the analyst estimate of $0.26, but revenue exceeded expectations at $50.1 million, surpassing the forecast of $49.3 million. The company achieved a record quarterly total revenue, marking a 22% increase from the previous year. For the full year 2024, PDF Solutions reported revenues of $179.5 million, an 8% increase from the previous year, with a backlog of $221.4 million as of December 31, 2024. Analysts from Rosenblatt Securities noted the company’s improved gross margins and projected a 15% revenue growth for 2025, acknowledging both the company’s solid performance and challenges in certain market segments.
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