Crossmark Global Holdings Inc. Trims Holdings in FormFactor, Inc. (NASDAQ:FORM)

Crossmark Global Holdings Inc. decreased its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 5.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,051 shares of the semiconductor company’s stock after selling 304 shares during the period. Crossmark Global Holdings Inc.’s holdings in FormFactor were worth $306,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of FormFactor during the first quarter valued at about $28,000. Innealta Capital LLC purchased a new position in FormFactor during the second quarter valued at approximately $38,000. Quadrant Capital Group LLC increased its holdings in FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares during the period. LRI Investments LLC purchased a new stake in FormFactor in the 1st quarter worth approximately $70,000. Finally, Covestor Ltd lifted its stake in FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 1,541 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In related news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now owns 12,970 shares in the company, valued at $543,961.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the sale, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,770 shares of company stock worth $723,654. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FORM shares. DA Davidson boosted their price target on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. B. Riley upped their target price on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen upped their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.63.

FormFactor Stock Down 8.7 %

Shares of FormFactor stock opened at $44.55 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. FormFactor, Inc. has a 52-week low of $31.19 and a 52-week high of $63.63. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 33.75 and a beta of 1.12. The company’s 50 day moving average price is $53.02 and its 200-day moving average price is $50.49.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. Equities research analysts forecast that FormFactor, Inc. will post 0.74 EPS for the current 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.