FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $12.73, for a total value of $381,900.00. Following the completion of the sale, the chief financial officer now owns 270,387 shares of the company’s stock, valued at $3,442,026.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
FormFactor, Inc. (FORM) traded down $0.10 on Friday, hitting $12.75. 831,022 shares of the stock were exchanged, compared to its average volume of 804,045. FormFactor, Inc. has a 12-month low of $10.45 and a 12-month high of $18.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. The stock has a market cap of $932.04, a price-to-earnings ratio of 23.18, a P/E/G ratio of 0.74 and a beta of 1.27.
Several equities analysts recently weighed in on FORM shares. Needham & Company LLC raised shares of FormFactor from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $20.00 to $22.00 in a research report on Thursday, December 14th. Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Citigroup raised their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. B. Riley raised their price target 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, BidaskClub lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. FormFactor presently has an average rating of “Buy” and a consensus price target of $18.00.
Several hedge funds and other institutional investors have recently bought and sold shares of FORM. Paradigm Capital Management Inc. NY bought a new stake in shares of FormFactor during the 3rd quarter worth $11,148,000. Peregrine Capital Management LLC lifted its stake in FormFactor by 32.8% in the fourth quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock worth $39,192,000 after purchasing an additional 618,775 shares during the last quarter. Boston Advisors LLC bought a new stake in FormFactor in the fourth quarter worth $5,028,000. AXA lifted its stake in FormFactor by 897.4% in the fourth quarter. AXA now owns 345,089 shares of the semiconductor company’s stock worth $5,401,000 after purchasing an additional 310,489 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its stake in FormFactor by 23.9% in the fourth quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock worth $24,355,000 after purchasing an additional 299,880 shares during the last quarter. 80.92% of the stock is owned by institutional investors.
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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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