QS Investors LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 132,348 shares of the semiconductor company’s stock, valued at approximately $2,071,000. QS Investors LLC owned 0.18% of FormFactor as of its most recent SEC filing.
A number of other large investors have also modified their holdings of FORM. Advisor Group Inc. lifted its holdings in shares of FormFactor by 105.4% in the third quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after buying an additional 4,909 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of FormFactor in the third quarter worth about $172,000. BlueCrest Capital Management Ltd purchased a new stake in shares of FormFactor in the fourth quarter worth about $179,000. Thompson Davis & CO. Inc. purchased a new stake in FormFactor in the fourth quarter valued at approximately $186,000. Finally, Cubist Systematic Strategies LLC raised its stake in FormFactor by 128.9% in the third quarter. Cubist Systematic Strategies LLC now owns 12,754 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 7,183 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.
A number of brokerages recently weighed in on FORM. BidaskClub raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. TheStreet downgraded shares of FormFactor from a “b-” rating to a “c+” rating in a research note on Tuesday, February 27th. Citigroup lowered their target price on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price (down from $22.00) on shares of FormFactor in a research note on Monday, January 29th. Finally, Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.00.
In other FormFactor news, CFO Michael M. Ludwig sold 30,000 shares of FormFactor stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $12.73, for a total transaction of $381,900.00. Following the transaction, the chief financial officer now directly owns 270,387 shares of the company’s stock, valued at $3,442,026.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis Thomas St sold 20,867 shares of FormFactor stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total transaction of $283,373.86. Following the transaction, the director now directly owns 61,533 shares in the company, valued at $835,618.14. The disclosure for this sale can be found here. Insiders have sold 98,431 shares of company stock worth $1,286,460 over the last three months. Insiders own 2.30% of the company’s stock.
Shares of FORM stock opened at $14.80 on Wednesday. The firm has a market cap of $1,097.91, a P/E ratio of 15.05, a P/E/G ratio of 0.87 and a beta of 1.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.32 and a quick ratio of 2.58. FormFactor, Inc. has a one year low of $10.45 and a one year high of $18.65.
FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The company had revenue of $131.90 million during the quarter, compared to analysts’ expectations of $129.98 million. FormFactor had a net margin of 7.46% and a return on equity of 16.81%. equities analysts anticipate that FormFactor, Inc. will post 1.08 EPS for the current fiscal 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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