SANTA CLARA, CA — Andrzej Strojwas, Chief Technology Officer at PDF Solutions Inc. (NASDAQ:PDFS), recently sold shares of the company's stock valued at approximately $190,039. The transactions took place on December 17, 2024, according to a filing with the Securities and Exchange Commission. The stock is currently trading near its 52-week low of $27.69, with notable price volatility observed over the past year.
Strojwas disposed of a total of 6,253 shares of common stock. The shares were sold at prices ranging from $30.36 to $31.17 per share. Following these transactions, Strojwas holds 88,464 shares of PDF Solutions.
The sales included a block of 245 shares sold at $31.17 each and another 6,008 shares sold at an average weighted price of $30.36, with the latter being executed through multiple brokers at prices ranging between $30.28 and $30.47.
PDF Solutions, headquartered in Santa Clara, California, specializes in prepackaged software services. The company's stock is traded on the NASDAQ under the ticker symbol PDFS.
In other recent news, PDF Solutions has reported a successful third quarter, with an 11% increase in total revenue from the previous quarter, totaling $46.4 million, and a 10% rise year-over-year. The company's growth has been largely driven by strong bookings for its Exensio and Cimetrix software, and a significant revenue boost from a large cloud customer. In terms of future developments, PDF Solutions is targeting a 20% revenue growth for Q4.
Despite the robust growth, PDF Solutions has noted mixed macroeconomic conditions, particularly weaknesses in wafer fees in China, but anticipates a recovery with new factories. The company also expects gross margins to normalize in future quarters after being temporarily boosted by one-time deals.
PDF Solutions continues to invest in technology, such as the DFI platform and eProbe engagements, which are expected to drive revenue growth. The company also plans to host an AI executive workshop in December to discuss AI applications in semiconductor manufacturing. These recent developments indicate the company's strategic focus on technological advancements and strategic partnerships.
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