State of Wisconsin Investment Board increased its position in FormFactor, Inc. (NASDAQ:FORM) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600,000 shares of the semiconductor company’s stock after buying an additional 25,000 shares during the period. State of Wisconsin Investment Board owned about 0.83% of FormFactor worth $10,110,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in FormFactor by 8,988.5% in the second quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock valued at $1,708,000 after purchasing an additional 136,266 shares during the period. Alpha Windward LLC purchased a new stake in FormFactor in the second quarter valued at approximately $418,000. Schwab Charles Investment Management Inc. grew its holdings in FormFactor by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock valued at $4,154,000 after purchasing an additional 20,777 shares during the period. Comerica Bank purchased a new stake in FormFactor in the second quarter valued at approximately $1,010,000. Finally, Vanguard Group Inc. grew its holdings in FormFactor by 4.4% in the second quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock valued at $74,045,000 after purchasing an additional 253,323 shares during the period. 84.11% of the stock is owned by institutional investors and hedge funds.
Shares of FormFactor, Inc. (NASDAQ FORM) opened at $17.05 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16. FormFactor, Inc. has a 52 week low of $10.15 and a 52 week high of $18.65. The stock has a market cap of $1,240.00, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.53.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The company had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same period in the previous year, the firm earned $0.22 earnings per share. FormFactor’s revenue for the quarter was up 16.6% on a year-over-year basis. sell-side analysts predict that FormFactor, Inc. will post 1.04 EPS for the current year.
A number of research firms recently issued reports on FORM. B. Riley restated a “buy” rating and issued a $22.00 target price (up from $20.00) on shares of FormFactor in a report on Thursday, November 2nd. Citigroup Inc. boosted their target price on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of FormFactor in a report on Friday, October 27th. DA Davidson restated a “buy” rating and issued a $20.00 target price on shares of FormFactor in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.06.
In other FormFactor news, CFO Michael M. Ludwig sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $14.07, for a total transaction of $140,700.00. Following the completion of the sale, the chief financial officer now directly owns 267,977 shares in the company, valued at $3,770,436.39. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael M. Ludwig sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $14.21, for a total transaction of $426,300.00. Following the sale, the chief financial officer now owns 262,847 shares of the company’s stock, valued at $3,735,055.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,570 shares of company stock valued at $1,183,981. 2.30% of the stock is owned by insiders.
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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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