FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Strs Ohio

Strs Ohio decreased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,400 shares of the semiconductor company’s stock after selling 1,100 shares during the quarter. Strs Ohio’s holdings in FormFactor were worth $850,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sora Investors LLC purchased a new position in FormFactor during the 3rd quarter worth $7,862,000. Envestnet Asset Management Inc. lifted its holdings in shares of FormFactor by 124.3% during the third quarter. Envestnet Asset Management Inc. now owns 405,695 shares of the semiconductor company’s stock worth $14,175,000 after purchasing an additional 224,799 shares during the period. Vanguard Group Inc. increased its stake in FormFactor by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after buying an additional 224,599 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in FormFactor by 98.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 395,440 shares of the semiconductor company’s stock worth $13,817,000 after buying an additional 195,898 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of FormFactor by 58.3% in the third quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company’s stock valued at $16,838,000 after acquiring an additional 177,448 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at $2,827,978.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at $22,776,179.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the transaction, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $1,223,580 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FORM has been the subject of several analyst reports. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Evercore ISI began coverage on FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $46.00 target price on shares of FormFactor in a report on Thursday, February 8th. Finally, TD Cowen increased their price target on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.56.

FormFactor Stock Up 0.7 %

FORM stock opened at $41.72 on Thursday. The firm has a market cap of $3.23 billion, a PE ratio of 39.36 and a beta of 1.18. FormFactor, Inc. has a 1 year low of $24.88 and a 1 year high of $47.94. The company has a fifty day simple moving average of $43.54 and a 200 day simple moving average of $40.01. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. Sell-side analysts anticipate that FormFactor, Inc. will post 0.63 EPS for the current fiscal year.

FormFactor Company Profile

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 in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.