Crosslink Capital Inc. Has $6.40 Million Position in FormFactor, Inc. (NASDAQ:FORM)
Crosslink Capital Inc. reduced its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 5.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 408,339 shares of the semiconductor company’s stock after selling 22,620 shares during the quarter. FormFactor comprises about 1.5% of Crosslink Capital Inc.’s investment portfolio, making the stock its 18th largest position. Crosslink Capital Inc.’s holdings in FormFactor were worth $6,399,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of FORM. Dimensional Fund Advisors LP grew its position in shares of FormFactor by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock worth $76,315,000 after buying an additional 128,782 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of FormFactor by 296.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 17,072 shares of the semiconductor company’s stock worth $275,000 after buying an additional 12,768 shares during the period. SG Americas Securities LLC grew its position in shares of FormFactor by 157.8% during the 1st quarter. SG Americas Securities LLC now owns 29,367 shares of the semiconductor company’s stock worth $473,000 after buying an additional 17,976 shares during the period. Janus Henderson Group PLC grew its position in shares of FormFactor by 44.4% during the 1st quarter. Janus Henderson Group PLC now owns 26,377 shares of the semiconductor company’s stock worth $424,000 after buying an additional 8,114 shares during the period. Finally, Rhumbline Advisers grew its position in shares of FormFactor by 1.5% during the 1st quarter. Rhumbline Advisers now owns 220,651 shares of the semiconductor company’s stock worth $3,550,000 after buying an additional 3,192 shares during the period. Institutional investors own 92.21% of the company’s stock.
Shares of FORM stock traded up $0.11 during trading on Friday, reaching $18.56. 411 shares of the company’s stock were exchanged, compared to its average volume of 301,429. The company has a quick ratio of 2.57, a current ratio of 3.38 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.40 billion, a PE ratio of 24.22 and a beta of 1.69. FormFactor, Inc. has a twelve month low of $11.38 and a twelve month high of $19.90. The firm’s fifty day moving average price is $17.06 and its 200-day moving average price is $16.33.
In related news, CEO Mike Slessor sold 14,835 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $18.03, for a total transaction of $267,475.05. Following the transaction, the chief executive officer now directly owns 366,434 shares of the company’s stock, valued at approximately $6,606,805.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael W. Zellner sold 18,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $17.43, for a total value of $313,740.00. Following the completion of the transaction, the director now directly owns 32,875 shares in the company, valued at $573,011.25. The disclosure for this sale can be found here. Insiders have sold a total of 67,035 shares of company stock worth $1,157,523 over the last three months. 1.88% of the stock is owned by insiders.
Several research firms have recently issued reports on FORM. Stifel Nicolaus boosted their target price on FormFactor from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a research report on Monday, August 5th. BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC started coverage on FormFactor in a research report on Monday, June 10th. They issued a “buy” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.71.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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