First Trust Advisors LP lifted its stake in shares of FormFactor (NASDAQ:FORM) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,822 shares of the semiconductor company’s stock after purchasing an additional 13,161 shares during the quarter. First Trust Advisors LP owned 0.23% of FormFactor worth $2,658,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FORM. Advisor Group Inc. grew its holdings in shares of FormFactor by 105.4% during the 3rd quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 4,909 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of FormFactor during the 3rd quarter worth $172,000. Thompson Davis & CO. Inc. acquired a new stake in shares of FormFactor during the 4th quarter worth $186,000. Cubist Systematic Strategies LLC grew its holdings in shares of FormFactor by 128.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 12,754 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 7,183 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of FormFactor during the 3rd quarter worth $217,000. 87.17% of the stock is currently owned by institutional investors.
In other news, Director Dennis Thomas St sold 20,867 shares of FormFactor stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total transaction of $283,373.86. Following the sale, the director now directly owns 61,533 shares of the company’s stock, valued at $835,618.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael M. Ludwig sold 2,500 shares of FormFactor stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $13.38, for a total value of $33,450.00. Following the sale, the chief financial officer now directly owns 242,887 shares in the company, valued at $3,249,828.06. The disclosure for this sale can be found here. Insiders have sold 98,431 shares of company stock worth $1,286,460 over the last three months. Insiders own 2.30% of the company’s stock.
NASDAQ:FORM traded down $0.50 during trading hours on Friday, hitting $13.15. The company’s stock had a trading volume of 675,264 shares, compared to its average volume of 1,538,608. The firm has a market capitalization of $971.75, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.34. The company has a quick ratio of 2.58, a current ratio of 3.32 and a debt-to-equity ratio of 0.19. FormFactor has a twelve month low of $10.45 and a twelve month high of $18.65.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). FormFactor had a net margin of 7.46% and a return on equity of 16.81%. The firm had revenue of $131.90 million for the quarter, compared to analyst estimates of $129.98 million. analysts anticipate that FormFactor will post 1.02 EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Northland Securities assumed coverage on FormFactor in a report on Tuesday, April 3rd. They set an “outperform” rating and a $21.00 target price on the stock. Zacks Investment Research raised FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, April 2nd. BidaskClub lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 27th. Citigroup reduced their price objective on FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Finally, TheStreet lowered FormFactor from a “b-” rating to a “c+” rating in a research note on Tuesday, February 27th. Two 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.43.
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FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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