Parametric Portfolio Associates LLC lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 198.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,924 shares of the semiconductor company’s stock after buying an additional 47,835 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.10% of FormFactor worth $892,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its position in shares of FormFactor by 8,988.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock worth $1,708,000 after buying an additional 136,266 shares during the last quarter. Alpha Windward LLC purchased a new stake in shares of FormFactor during the 2nd quarter worth approximately $418,000. Schwab Charles Investment Management Inc. lifted its position in shares of FormFactor by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 20,777 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of FormFactor by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after buying an additional 253,323 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of FormFactor during the 2nd quarter worth approximately $1,010,000. Institutional investors and hedge funds own 84.11% of the company’s stock.
In other FormFactor news, CFO Michael M. Ludwig sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $14.07, for a total transaction of $140,700.00. Following the completion of the transaction, the chief financial officer now owns 267,977 shares in the company, valued at approximately $3,770,436.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $442,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,570 shares of company stock valued at $1,183,981. 2.30% of the stock is owned by insiders.
Several analysts have recently weighed in on FORM shares. B. Riley restated a “buy” rating and set a $20.00 price objective on shares of FormFactor in a research report on Thursday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective (up previously from $16.00) on shares of FormFactor in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, August 9th. DA Davidson reiterated a “buy” rating and issued a $20.00 price target on shares of FormFactor in a research report on Thursday, August 31st. Finally, Citigroup Inc. upped their price target on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.06.
Shares of FormFactor, Inc. (NASDAQ FORM) opened at $16.65 on Friday. FormFactor, Inc. has a 12-month low of $10.15 and a 12-month high of $18.65. The company has a market cap of $1,215.18, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45.
FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The firm had revenue of $143.74 million during the quarter, compared to the consensus estimate of $140.83 million. During the same quarter in the prior year, the firm earned $0.22 EPS. FormFactor’s revenue for the quarter was up 16.6% on a year-over-year basis. equities analysts forecast that FormFactor, Inc. will post 1.04 earnings per share for the current year.
FormFactor Company Profile
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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