FormFactor, Inc. (NASDAQ:FORM) Director Sells $283,933.80 in Stock

FormFactor, Inc. (NASDAQ:FORM) Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FormFactor Price Performance

Shares of FORM stock traded up $1.06 during trading hours on Wednesday, reaching $43.11. The company had a trading volume of 1,297,465 shares, compared to its average volume of 574,016. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.46. The stock has a fifty day moving average of $56.48 and a 200-day moving average of $49.52. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 32.66 and a beta of 1.12. FormFactor, Inc. has a 12-month low of $29.50 and a 12-month high of $63.63.

Institutional Investors Weigh In On FormFactor

A number of large investors have recently made changes to their positions in FORM. Dynamic Technology Lab Private Ltd purchased a new position in FormFactor in the fourth quarter worth approximately $644,000. Bessemer Group Inc. raised its stake in FormFactor by 7.0% in the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock valued at $11,976,000 after buying an additional 17,079 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of FormFactor during the first quarter worth about $664,000. Lisanti Capital Growth LLC grew its holdings in shares of FormFactor by 124.3% during 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. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of FormFactor by 74.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after purchasing an additional 18,293 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FORM shares. Stifel Nicolaus boosted their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. TD Cowen upped their price target on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Evercore ISI began coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price target for the company. DA Davidson upped their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley upped their price target on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.63.

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.