Trexquant Investment LP cut its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 60.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,529 shares of the semiconductor company’s stock after selling 16,181 shares during the quarter. Trexquant Investment LP’s holdings in FormFactor were worth $177,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Gotham Asset Management LLC acquired a new stake in FormFactor during the second quarter worth about $140,000. Great West Life Assurance Co. Can grew its stake in shares of FormFactor by 214.9% in the second quarter. Great West Life Assurance Co. Can now owns 12,462 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 8,505 shares in the last quarter. Advisor Group Inc. grew its stake 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 valued at $160,000 after buying an additional 4,909 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of FormFactor in the third quarter valued at about $172,000. Finally, Quantbot Technologies LP grew its stake in shares of FormFactor by 3,136.6% in the second quarter. Quantbot Technologies LP now owns 14,662 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 14,209 shares in the last quarter. Institutional investors own 84.44% of the company’s stock.
In other FormFactor news, Director Richard Delateur sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $442,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael M. Ludwig sold 16,845 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $17.50, for a total value of $294,787.50. Following the sale, the chief financial officer now owns 241,132 shares of the company’s stock, valued at approximately $4,219,810. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
Shares of FormFactor, Inc. (NASDAQ:FORM) opened at $15.30 on Monday. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. FormFactor, Inc. has a 12 month low of $10.45 and a 12 month high of $18.65. The stock has a market capitalization of $1,110.00, a PE ratio of 15.61, a PEG ratio of 0.92 and a beta of 1.46.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The firm had revenue of $143.74 million during the quarter, compared to analyst estimates of $140.83 million. During the same quarter last year, the firm earned $0.22 EPS. FormFactor’s quarterly revenue was up 16.6% on a year-over-year basis. analysts expect that FormFactor, Inc. will post 1.04 EPS for the current year.
A number of equities research analysts have recently issued reports on FORM shares. B. Riley increased their target price on FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of FormFactor in a research note on Friday, October 27th. DA Davidson reiterated a “buy” rating and issued a $20.00 target price on shares of FormFactor in a research note on Thursday, August 31st. Finally, Citigroup increased their target price on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research note 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 stock. The stock currently has an average rating of “Buy” and an average target price of $18.06.
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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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