Paradigm Capital Management Inc. NY Acquires New Holdings in FormFactor, Inc. (FORM)

Paradigm Capital Management Inc. NY acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 661,593 shares of the semiconductor company’s stock, valued at approximately $11,148,000. Paradigm Capital Management Inc. NY owned 0.91% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FORM. Pinnacle Associates Ltd. grew its holdings in FormFactor by 84.8% during the second quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock valued at $24,816,000 after purchasing an additional 918,160 shares during the period. Teachers Advisors LLC boosted its holdings in shares of FormFactor by 449.9% in the second quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock valued at $8,005,000 after buying an additional 528,164 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of FormFactor by 107.0% in the second quarter. Russell Investments Group Ltd. now owns 840,529 shares of the semiconductor company’s stock valued at $10,421,000 after buying an additional 434,494 shares during the period. Monarch Partners Asset Management LLC boosted its holdings in shares of FormFactor by 225.6% in the second quarter. Monarch Partners Asset Management LLC now owns 589,571 shares of the semiconductor company’s stock valued at $7,311,000 after buying an additional 408,495 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of FormFactor by 1,792.9% in the second quarter. Bank of Montreal Can now owns 366,799 shares of the semiconductor company’s stock valued at $4,548,000 after buying an additional 347,421 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

In other FormFactor news, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total transaction of $265,350.00. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $442,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael W. Zellner sold 3,725 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $15.26, for a total transaction of $56,843.50. Following the sale, the director now directly owns 63,000 shares in the company, valued at $961,380. The disclosure for this sale can be found here. In the last three months, insiders sold 58,725 shares of company stock worth $889,194. 2.30% of the stock is currently owned by insiders.

Shares of FormFactor, Inc. (FORM) traded up $0.12 during mid-day trading on Friday, hitting $17.47. 673,300 shares of the stock were exchanged, compared to its average volume of 903,831. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.25 and a current ratio of 3.16. The company has a market capitalization of $1,275.40, a price-to-earnings ratio of 17.83, a PEG ratio of 1.05 and a beta of 1.53. FormFactor, Inc. has a twelve month low of $9.65 and a twelve month high of $18.65.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The business had revenue of $143.74 million for the quarter, compared to analyst estimates of $140.83 million. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. equities analysts predict that FormFactor, Inc. will post 1.04 EPS for the current year.

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of FormFactor in a report on Thursday, August 3rd. DA Davidson reiterated a “buy” rating and issued a $20.00 price target on shares of FormFactor in a report on Thursday, August 31st. B. Riley upped their price target on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. upped their price target on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. FormFactor currently has a consensus rating of “Buy” and a consensus price target of $18.06.

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FormFactor Company Profile

FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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