Crosslink Capital Inc. decreased its stake in FormFactor, Inc. (NASDAQ:FORM) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 408,339 shares of the semiconductor company’s stock after selling 22,620 shares during the period. FormFactor makes up 1.5% of Crosslink Capital Inc.’s portfolio, making the stock its 18th largest holding. Crosslink Capital Inc. owned approximately 0.54% of FormFactor worth $6,399,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. NumerixS Investment Technologies Inc grew its stake in shares of FormFactor by 9.1% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Arizona State Retirement System grew its stake in shares of FormFactor by 0.7% in the second quarter. Arizona State Retirement System now owns 115,691 shares of the semiconductor company’s stock worth $1,813,000 after acquiring an additional 799 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of FormFactor by 3.9% in the first quarter. Mason Street Advisors LLC now owns 23,919 shares of the semiconductor company’s stock worth $385,000 after acquiring an additional 907 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of FormFactor by 10.7% in the second quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 928 shares during the last quarter. Finally, Redmond Asset Management LLC grew its stake in shares of FormFactor by 3.3% in the second quarter. Redmond Asset Management LLC now owns 31,478 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
FORM has been the subject of several research reports. Zacks Investment Research cut FormFactor from a “hold” rating to a “sell” rating and set a $19.00 target price for the company. in a research report on Monday, August 5th. BidaskClub raised FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC initiated coverage on FormFactor in a research report on Monday, June 10th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus raised their target price on FormFactor from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. FormFactor has a consensus rating of “Hold” and an average price target of $18.71.
In other FormFactor news, Director Raymond A. Link sold 5,000 shares of FormFactor stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total transaction of $76,950.00. Following the completion of the transaction, the director now directly owns 56,602 shares of the company’s stock, valued at $871,104.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 25,000 shares of FormFactor stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $17.03, for a total value of $425,750.00. Following the transaction, the chief executive officer now directly owns 376,599 shares of the company’s stock, valued at $6,413,480.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,035 shares of company stock valued at $1,157,523. Company insiders own 1.88% of the company’s stock.
FORM stock traded up $0.11 during midday trading on Friday, hitting $18.56. The stock had a trading volume of 411 shares, compared to its average volume of 301,429. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.22 and a beta of 1.69. FormFactor, Inc. has a 52 week low of $11.38 and a 52 week high of $19.90. The stock has a 50-day simple moving average of $17.06 and a 200 day simple moving average of $16.33. The company has a current ratio of 3.38, a quick ratio of 2.57 and a debt-to-equity ratio of 0.07.
FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $134.65 million. FormFactor had a return on equity of 9.73% and a net margin of 19.27%. FormFactor’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. On average, equities analysts forecast that FormFactor, Inc. will post 0.63 EPS for the current year.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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