Aurora Investment Counsel acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 104,287 shares of the semiconductor company’s stock, valued at approximately $1,632,000. Aurora Investment Counsel owned 0.14% of FormFactor as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Great West Life Assurance Co. Can grew its holdings in shares of FormFactor by 214.9% in the second quarter. Great West Life Assurance Co. Can now owns 12,462 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 8,505 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of 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. First Trust Advisors LP purchased a new stake in shares of FormFactor in the second quarter valued at about $1,930,000. Legal & General Group Plc grew its holdings in shares of FormFactor by 2.8% in the second quarter. Legal & General Group Plc now owns 17,068 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 469 shares during the period. Finally, Comerica Bank purchased a new stake in shares of FormFactor in the second quarter valued at about $1,010,000. Institutional investors own 84.42% of the company’s stock.
Shares of FormFactor, Inc. (NASDAQ FORM) opened at $16.75 on Friday. The firm has a market cap of $1,220.00, a P/E ratio of 64.42, a P/E/G ratio of 0.85 and a beta of 1.46. FormFactor, Inc. has a 1-year low of $10.45 and a 1-year high of $18.65. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The company 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 was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. equities analysts forecast that FormFactor, Inc. will post 1.04 EPS for the current year.
FORM has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of FormFactor in a research note on Friday, October 27th. B. Riley increased their target price on shares of FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup increased their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. FormFactor presently has a consensus rating of “Buy” and a consensus price target of $18.63.
In other news, CFO Michael M. Ludwig sold 16,845 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the transaction, the chief financial officer now directly owns 241,132 shares in the company, valued at $4,219,810. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Delateur sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the transaction, the director now owns 25,000 shares in the company, valued at $442,250. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
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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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