Hood River Capital Management LLC grew its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,256,352 shares of the semiconductor company’s stock after purchasing an additional 28,299 shares during the quarter. FormFactor makes up about 1.3% of Hood River Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Hood River Capital Management LLC owned 1.73% of FormFactor worth $21,170,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in shares of FormFactor by 8,988.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock valued at $1,708,000 after purchasing an additional 136,266 shares in the last quarter. Alpha Windward LLC purchased a new stake in FormFactor in the 2nd quarter worth $418,000. Schwab Charles Investment Management Inc. increased its holdings in FormFactor by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock worth $4,154,000 after acquiring an additional 20,777 shares in the last quarter. Comerica Bank purchased a new stake in FormFactor in the 2nd quarter worth $1,010,000. Finally, Vanguard Group Inc. increased its holdings in FormFactor by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after acquiring an additional 253,323 shares in the last quarter. 84.11% of the stock is owned by hedge funds and other institutional investors.
Shares of FormFactor, Inc. (FORM) traded down $0.70 on Thursday, reaching $16.55. 635,000 shares of the company’s stock traded hands, compared to its average volume of 681,784. FormFactor, Inc. has a 52 week low of $10.15 and a 52 week high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16. The firm has a market cap of $1,258.98, a PE ratio of 17.60, a PEG ratio of 1.03 and a beta of 1.53.
FormFactor (NASDAQ:FORM) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The company had revenue of $143.74 million for the quarter, compared to analysts’ expectations of $140.83 million. During the same quarter in the previous year, the company posted $0.22 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. sell-side analysts predict that FormFactor, Inc. will post 1.04 EPS for the current year.
In other FormFactor news, CFO Michael M. Ludwig sold 30,000 shares of FormFactor stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $14.21, for a total transaction of $426,300.00. Following the sale, the chief financial officer now owns 262,847 shares of the company’s stock, valued at approximately $3,735,055.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 10,000 shares of FormFactor stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $14.07, for a total transaction of $140,700.00. Following the sale, the chief financial officer now directly owns 267,977 shares in the company, valued at approximately $3,770,436.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,570 shares of company stock worth $1,183,981. 2.30% of the stock is currently owned by corporate insiders.
Several brokerages recently commented on FORM. B. Riley reissued a “buy” rating and issued a $20.00 price target on shares of FormFactor in a report on Tuesday, August 8th. Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of FormFactor in a report on Thursday, August 3rd. DA Davidson reissued a “buy” rating and issued a $20.00 price target on shares of FormFactor in a report on Thursday, August 31st. Finally, Citigroup Inc. boosted their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.06.
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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