FormFactor, Inc. (NASDAQ:FORM) Director Sells $64,368.00 in Stock

FormFactor, Inc. (NASDAQ:FORM – Get Rating) Director Raymond A. Link sold 1,600 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $40.23, for a total transaction of $64,368.00. Following the completion of the sale, the director now owns 61,392 shares of the company’s stock, valued at approximately $2,469,800.16. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NASDAQ:FORM opened at $41.47 on Wednesday. The company has a quick ratio of 2.78, a current ratio of 3.60 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3.24 billion, a PE ratio of 34.56 and a beta of 1.37. FormFactor, Inc. has a twelve month low of $32.69 and a twelve month high of $47.48. The company has a 50-day moving average price of $39.32 and a two-hundred day moving average price of $41.33.

FormFactor (NASDAQ:FORM – Get Rating) last issued its earnings results on Wednesday, April 27th. The semiconductor company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. The firm had revenue of $197.17 million during the quarter, compared to analyst estimates of $194.33 million. FormFactor had a net margin of 12.07% and a return on equity of 13.56%. During the same quarter last year, the business earned $0.32 earnings per share. Analysts anticipate that FormFactor, Inc. will post 1.57 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its position in FormFactor by 1,348.9% during the third quarter. Rockefeller Capital Management L.P. now owns 681 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 634 shares during the period. CWM LLC lifted its holdings in shares of FormFactor by 375.6% in the first quarter. CWM LLC now owns 623 shares of the semiconductor company’s stock worth $26,000 after buying an additional 492 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of FormFactor by 145.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 619 shares of the semiconductor company’s stock worth $28,000 after buying an additional 367 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of FormFactor by 40.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,428 shares of the semiconductor company’s stock worth $65,000 after buying an additional 410 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of FormFactor by 100.0% in the third quarter. Eagle Bay Advisors LLC now owns 2,090 shares of the semiconductor company’s stock worth $78,000 after buying an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 92.86% of the company’s stock.

Several research firms have recently issued reports on FORM. B. Riley reduced their target price on shares of FormFactor from $60.00 to $55.00 in a research note on Thursday, February 3rd. Citigroup increased their price target on shares of FormFactor from $45.00 to $50.00 in a research report on Thursday, February 3rd. StockNews.com initiated coverage on shares of FormFactor in a research report on Thursday, March 31st. They set a “buy” rating for the company. CL King increased their price target on shares of FormFactor from $43.00 to $45.00 in a research report on Tuesday, April 12th. Finally, Stifel Nicolaus reduced their price target on shares of FormFactor from $51.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, April 25th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $50.17.

About FormFactor (Get Rating)

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems 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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