FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,668 shares of the semiconductor company’s stock after selling 840 shares during the period. Cerity Partners LLC’s holdings in FormFactor were worth $500,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in FormFactor in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc lifted its position in shares of FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 861 shares during the last quarter. Pinpoint Asset Management Ltd purchased a new stake in FormFactor in the fourth quarter valued at $43,000. GAMMA Investing LLC lifted its position in FormFactor by 52.3% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company’s stock valued at $149,000 after acquiring an additional 1,813 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in FormFactor in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FORM. DA Davidson dropped their price target on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, May 1st. B. Riley upped their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Finally, Evercore ISI reduced their price objective on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.71.

Insider Buying and Selling at FormFactor

In related news, Director Dennis Thomas St sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director owned 40,957 shares of the company’s stock, valued at $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the transaction, the chief executive officer directly owned 510,650 shares of the company’s stock, valued at approximately $16,197,818. This trade represents a 0.78% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

FormFactor Stock Down 0.4%

Shares of NASDAQ:FORM opened at $34.09 on Friday. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $55.20. The company’s 50-day moving average price is $33.74 and its two-hundred day moving average price is $33.41. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.63 billion, a P/E ratio of 49.41 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $171.36 million for the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. FormFactor’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. As a group, research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.