LRI Investments LLC Invests $70,000 in FormFactor, Inc. (NASDAQ:FORM)

LRI Investments LLC bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,530 shares of the semiconductor company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of FormFactor by 18.5% in the fourth quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 824 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FormFactor by 6.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,640 shares of the semiconductor company’s stock valued at $1,487,000 after acquiring an additional 2,044 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in shares of FormFactor in the fourth quarter valued at approximately $5,967,000. Louisiana State Employees Retirement System acquired a new stake in shares of FormFactor in the fourth quarter worth approximately $1,623,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of FormFactor during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Trading Down 0.9 %

FORM traded down $0.46 on Friday, hitting $51.24. The company had a trading volume of 1,084,782 shares, compared to its average volume of 609,996. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.96 billion, a P/E ratio of 38.82 and a beta of 1.11. The company’s fifty day moving average price is $58.12 and its 200 day moving average price is $49.11. FormFactor, Inc. has a 1 year low of $29.50 and a 1 year high of $63.63.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FORM. Stifel Nicolaus lifted their target price 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. Citigroup increased their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. B. Riley boosted their target price on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Evercore ISI began coverage on FormFactor in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price target for the company. Finally, Needham & Company LLC upped their target price on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.44.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $59.00, for a total transaction of $236,000.00. Following the transaction, the chief executive officer now owns 487,581 shares of the company’s stock, valued at approximately $28,767,279. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Shai Shahar sold 6,094 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $55.76, for a total value of $339,801.44. Following the sale, the chief financial officer now directly owns 15,669 shares in the company, valued at $873,703.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $59.00, for a total value of $236,000.00. Following the transaction, the chief executive officer now directly owns 487,581 shares of the company’s stock, valued at $28,767,279. The disclosure for this sale can be found here. Insiders sold a total of 37,536 shares of company stock worth $2,075,394 over the last ninety days. Company insiders own 0.96% of the company’s stock.

FormFactor 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.