FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $14.21, for a total value of $426,300.00. Following the completion of the sale, the chief financial officer now directly owns 262,847 shares of the company’s stock, valued at approximately $3,735,055.87. The transaction was disclosed in a document filed with the SEC, which is available through this link.
FormFactor, Inc. (FORM) opened at 14.30 on Wednesday. FormFactor, Inc. has a 52 week low of $8.55 and a 52 week high of $15.58. The company has a 50 day moving average price of $13.25 and a 200 day moving average price of $12.59. The stock’s market cap is $1.04 billion.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The company had revenue of $144 million during the quarter, compared to analyst estimates of $134.53 million. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.62%. The business’s revenue for the quarter was up 73.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Analysts expect that FormFactor, Inc. will post $1.22 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Alpha Windward LLC acquired a new stake in FormFactor during the second quarter worth approximately $418,000. Norges Bank acquired a new stake in FormFactor during the fourth quarter worth approximately $8,524,000. Insight Capital Research & Management Inc. acquired a new stake in FormFactor during the second quarter worth approximately $368,000. Fisher Asset Management LLC increased its stake in FormFactor by 50.7% in the first quarter. Fisher Asset Management LLC now owns 286,532 shares of the semiconductor company’s stock worth $3,395,000 after buying an additional 96,336 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in FormFactor by 79.9% in the first quarter. Kennedy Capital Management Inc. now owns 597,655 shares of the semiconductor company’s stock worth $7,082,000 after buying an additional 265,415 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.
FORM has been the subject of a number of research reports. TheStreet raised FormFactor from a “c+” rating to a “b-” rating in a research report on Thursday, May 11th. B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of FormFactor in a research note on Tuesday, May 9th. Zacks Investment Research upgraded FormFactor from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of FormFactor in a research note on Monday, May 1st. Finally, Sidoti reiterated a “buy” rating and set a $18.00 price objective (up previously from $15.00) on shares of FormFactor in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.38.
About FormFactor
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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