Earnest Partners LLC boosted its position in FormFactor, Inc. (NASDAQ:FORM) by 8.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,802,276 shares of the semiconductor company’s stock after buying an additional 363,436 shares during the quarter. Earnest Partners LLC owned approximately 6.39% of FormFactor worth $75,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of FORM. Meeder Asset Management Inc. lifted its position in FormFactor by 343.9% in the second quarter. Meeder Asset Management Inc. now owns 3,298 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,555 shares during the last quarter. Quantamental Technologies LLC bought a new stake in FormFactor in the second quarter valued at approximately $58,000. NumerixS Investment Technologies Inc lifted its position in FormFactor by 9.1% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 600 shares during the last quarter. First Quadrant L P CA bought a new stake in FormFactor in the second quarter valued at approximately $134,000. Finally, Flinton Capital Management LLC lifted its position in FormFactor by 10.7% in the second quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 928 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
FORM opened at $18.65 on Friday. FormFactor, Inc. has a 12-month low of $11.38 and a 12-month high of $19.90. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 24.22 and a beta of 1.69. The stock has a fifty day simple moving average of $17.06 and a two-hundred 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 released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. FormFactor had a return on equity of 9.73% and a net margin of 19.27%. The firm had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $134.65 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that FormFactor, Inc. will post 0.63 EPS for the current year.
In related news, Director Raymond A. Link sold 5,000 shares of the 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 sale, the director now directly owns 56,602 shares of the company’s stock, valued at $871,104.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 25,000 shares of the 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 sale, the chief executive officer now directly owns 376,599 shares in the company, valued at $6,413,480.97. The disclosure for this sale can be found here. Insiders have sold 67,035 shares of company stock worth $1,157,523 over the last ninety days. 1.88% of the stock is currently owned by insiders.
Several analysts have weighed in on FORM shares. Zacks Investment Research downgraded FormFactor from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a research report on Monday, August 5th. Needham & Company LLC initiated coverage on FormFactor in a report on Monday, June 10th. They set a “buy” rating and a $19.00 target price for the company. BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus upped their target price on FormFactor from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.71.
FormFactor Company Profile
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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