FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes Sells 13,319 Shares

FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes sold 13,319 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the sale, the director now directly owns 7,634 shares in the company, valued at $427,656.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

FormFactor Trading Up 0.9 %

NASDAQ FORM opened at $56.65 on Friday. The firm’s fifty day moving average is $45.44 and its two-hundred day moving average is $41.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51. The firm has a market cap of $4.40 billion, a PE ratio of 42.92 and a beta of 1.15. FormFactor, Inc. has a one year low of $27.96 and a one year high of $57.24.

FormFactor (NASDAQ:FORM) last announced 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. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The company had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. Analysts expect that FormFactor, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

FORM has been the topic of several recent analyst reports. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. TD Cowen upped their price target on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. B. Riley raised their price objective on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Craig Hallum upped their target price on shares of FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and an average target price of $47.30.

Hedge Funds Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp Et Al lifted its stake in shares of FormFactor by 368.7% in the 3rd quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock worth $2,927,000 after acquiring an additional 65,889 shares during the period. Lisanti Capital Growth LLC lifted its position in FormFactor by 124.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company’s stock valued at $6,954,000 after purchasing an additional 92,405 shares during the period. Dark Forest Capital Management LP lifted its position in FormFactor by 240.4% in the third quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock valued at $826,000 after purchasing an additional 16,702 shares during the period. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 224,599 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in FormFactor by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after purchasing an additional 45,248 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

About FormFactor

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.