Nationwide Fund Advisors decreased its position in FormFactor, Inc. (NASDAQ:FORM) by 34.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,194 shares of the semiconductor company’s stock after selling 32,956 shares during the quarter. Nationwide Fund Advisors owned approximately 0.09% of FormFactor worth $1,048,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of FormFactor by 4.4% in 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 during the period. Pinnacle Associates Ltd. raised its position in shares of FormFactor by 84.8% in the second quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock valued at $24,816,000 after purchasing an additional 918,160 shares during the period. Alliancebernstein L.P. raised its position in shares of FormFactor by 1.7% in the second quarter. Alliancebernstein L.P. now owns 1,955,025 shares of the semiconductor company’s stock valued at $24,242,000 after purchasing an additional 32,341 shares during the period. Renaissance Technologies LLC raised its position in shares of FormFactor by 5.0% in the second quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock valued at $20,724,000 after purchasing an additional 78,868 shares during the period. Finally, State Street Corp raised its position in shares of FormFactor by 5.3% in the second quarter. State Street Corp now owns 1,327,001 shares of the semiconductor company’s stock valued at $16,454,000 after purchasing an additional 66,847 shares during the period. 84.42% of the stock is currently owned by institutional investors.
In other FormFactor news, Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total transaction of $265,350.00. Following the sale, the director now owns 25,000 shares in the company, valued at $442,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael M. Ludwig sold 16,845 shares of FormFactor stock in a transaction on Monday, November 13th. The stock was sold at an average price of $17.50, for a total transaction of $294,787.50. Following the sale, the chief financial officer now owns 241,132 shares in the company, valued at approximately $4,219,810. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
FormFactor, Inc. (FORM) opened at $16.60 on Friday. FormFactor, Inc. has a 52-week low of $10.45 and a 52-week high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16. The stock has a market cap of $1,210.00, a price-to-earnings ratio of 63.85, a P/E/G ratio of 0.85 and a beta of 1.46.
FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $140.83 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. analysts expect that FormFactor, Inc. will post 1.04 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of FormFactor in a research report on Thursday, November 2nd. Citigroup boosted their target price on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of FormFactor in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.63.
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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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