Covestor Ltd Grows Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Covestor Ltd raised its position in FormFactor, Inc. (NASDAQ:FORM) by 3,951.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,580 shares of the semiconductor company’s stock after purchasing an additional 1,541 shares during the quarter. Covestor Ltd’s holdings in FormFactor were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in FormFactor in the first quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new position in FormFactor in the fourth quarter valued at $55,000. Quadrant Capital Group LLC grew its stake in FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 260 shares in the last quarter. SG Americas Securities LLC purchased a new stake in FormFactor during the 1st quarter worth about $123,000. Finally, Mackenzie Financial Corp purchased a new position in shares of FormFactor in the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FORM. Stifel Nicolaus lifted their price target on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. TD Cowen raised their price target on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Evercore ISI assumed coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price objective on the stock. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, B. Riley upped their target price on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, FormFactor has an average rating of “Hold” and an average target price of $51.44.

FormFactor Trading Down 5.5 %

NASDAQ FORM opened at $56.92 on Thursday. FormFactor, Inc. has a one year low of $29.50 and a one year high of $63.63. The firm has a market cap of $4.39 billion, a PE ratio of 43.12 and a beta of 1.11. The firm’s fifty day moving average is $58.27 and its two-hundred day moving average is $48.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The company had revenue of $168.73 million during the quarter, compared to analyst estimates of $165.45 million. Analysts expect that FormFactor, Inc. will post 0.72 earnings per share for the current year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total transaction of $175,000.00. Following the completion of the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $56.30, for a total transaction of $112,600.00. Following the transaction, the director now directly owns 36,701 shares in the company, valued at $2,066,266.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total value of $175,000.00. Following the sale, the chief executive officer now directly owns 491,781 shares in the company, valued at approximately $21,515,418.75. The disclosure for this sale can be found here. Insiders have sold a total of 37,536 shares of company stock valued at $2,075,394 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.