20,000 Shares in FormFactor, Inc. (FORM) Purchased by 22Nw LP
22Nw LP purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the semiconductor company’s stock, valued at approximately $337,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of FORM. BNP Paribas Arbitrage SA boosted its position in FormFactor by 8,988.5% during the second quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock valued at $1,708,000 after purchasing an additional 136,266 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in FormFactor by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock valued at $4,154,000 after purchasing an additional 20,777 shares in the last quarter. State of Wisconsin Investment Board boosted its position in FormFactor by 4.3% during the third quarter. State of Wisconsin Investment Board now owns 600,000 shares of the semiconductor company’s stock valued at $10,110,000 after purchasing an additional 25,000 shares in the last quarter. Vanguard Group Inc. boosted its position in FormFactor by 4.4% during the second quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock valued at $74,045,000 after purchasing an additional 253,323 shares in the last quarter. Finally, Comerica Bank bought a new stake in FormFactor during the second quarter valued at about $1,010,000. 84.44% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard Delateur sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total value of $265,350.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $442,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 16,845 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $17.50, for a total value of $294,787.50. Following the completion of the transaction, the chief financial officer now owns 241,132 shares of the company’s stock, valued at $4,219,810. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $20.00 price objective on shares of FormFactor in a research report on Tuesday, August 8th. Zacks Investment Research raised FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of FormFactor in a report on Tuesday, September 12th. DA Davidson reissued a “buy” rating and issued a $20.00 price target on shares of FormFactor in a report on Thursday, August 31st. Finally, Citigroup raised their price target on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $18.06.
Shares of FormFactor, Inc. (NASDAQ:FORM) opened at $15.05 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,138.56, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.93 and a beta of 1.46. FormFactor, Inc. has a twelve month low of $10.45 and a twelve month high of $18.65.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. sell-side analysts forecast that FormFactor, Inc. will post 1.04 EPS for the current year.
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FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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