Insider Selling: FormFactor, Inc. (NASDAQ:FORM) Director Sells 13,319 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes sold 13,319 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the transaction, the director now owns 7,634 shares of the company’s stock, valued at approximately $427,656.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FormFactor Trading Up 0.2 %

NASDAQ:FORM opened at $56.14 on Thursday. FormFactor, Inc. has a one year low of $27.46 and a one year high of $56.98. The company has a market cap of $4.36 billion, a PE ratio of 42.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67. The firm has a 50-day moving average of $45.16 and a 200-day moving average of $41.08.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. As a group, equities research analysts expect that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On FormFactor

Several large investors have recently bought and sold shares of FORM. Tudor Investment Corp Et Al raised its holdings in shares of FormFactor by 368.7% in the third quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after purchasing an additional 65,889 shares during the last quarter. Lisanti Capital Growth LLC boosted its position in FormFactor by 124.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company’s stock worth $6,954,000 after purchasing an additional 92,405 shares during the last quarter. Dark Forest Capital Management LP grew its stake in FormFactor by 240.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock valued at $826,000 after purchasing an additional 16,702 shares during the period. Vanguard Group Inc. increased its position in shares of FormFactor by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after purchasing an additional 224,599 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of FormFactor by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after buying an additional 45,248 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup boosted their price target on FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Evercore ISI started coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 target price for the company. Stifel Nicolaus increased their price target on FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, TD Cowen boosted their price target on shares of FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.30.

About FormFactor

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.