FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Strs Ohio

Strs Ohio reduced its position in FormFactor, Inc. (NASDAQ:FORM) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,400 shares of the semiconductor company’s stock after selling 1,100 shares during the quarter. Strs Ohio’s holdings in FormFactor were worth $850,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FORM. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in FormFactor during the 3rd quarter worth $70,000. CWM LLC grew its stake in shares of FormFactor by 124.3% during the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 1,530 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of FormFactor during the third quarter valued at about $207,000. Ausbil Investment Management Ltd purchased a new position in shares of FormFactor in the 4th quarter valued at approximately $208,000. Finally, Blue Trust Inc. boosted its stake in FormFactor by 18.5% in the 4th quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 824 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the completion of the transaction, the chief executive officer now owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the completion of the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total transaction of $445,100.00. Following the transaction, the chief financial officer now owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $1,223,580 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Trading Up 0.7 %

Shares of NASDAQ:FORM opened at $41.72 on Thursday. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $24.88 and a 12-month high of $47.94. The business has a 50 day moving average of $43.54 and a two-hundred day moving average of $40.01. The company has a market capitalization of $3.23 billion, a PE ratio of 39.36 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $168.16 million during the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. As a group, analysts forecast that FormFactor, Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price target on shares of FormFactor in a research report on Thursday, February 8th. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Evercore ISI assumed coverage on FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price for the company. Finally, TD Cowen upped their target price on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, FormFactor currently has an average rating of “Hold” and a consensus price target of $42.56.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.