FormFactor, Inc. $FORM Stock Bought by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,686 shares of the semiconductor company’s stock after acquiring an additional 15,130 shares during the quarter. Royce & Associates LP owned about 0.32% of FormFactor worth $37,281,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE acquired a new stake in FormFactor in the 2nd quarter worth approximately $285,257,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in FormFactor during the second quarter worth approximately $2,047,000. Reinhart Partners LLC. grew its holdings in FormFactor by 3.1% during the third quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock valued at $98,495,000 after purchasing an additional 19,745 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in FormFactor during the second quarter valued at approximately $3,940,000. Finally, The Manufacturers Life Insurance Company acquired a new position in FormFactor during the second quarter valued at approximately $4,108,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the sale, the director owned 24,426 shares in the company, valued at approximately $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 11,098 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at $57,040,619.20. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 30,708 shares of company stock worth $3,425,102. 0.79% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

NASDAQ:FORM traded down $4.79 during mid-day trading on Friday, hitting $87.53. 1,296,038 shares of the company’s stock traded hands, compared to its average volume of 1,705,185. The firm has a 50 day moving average of $112.83 and a two-hundred day moving average of $113.96. FormFactor, Inc. has a 12 month low of $47.33 and a 12 month high of $160.27. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 39.97 and a beta of 1.27. The company has a current ratio of 3.68, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The firm had revenue of $280.55 million for the quarter, compared to analyst estimates of $270.52 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s revenue was up 38.4% on a year-over-year basis. On average, equities analysts forecast that FormFactor, Inc. will post 2.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FORM shares. Jefferies Financial Group assumed coverage on shares of FormFactor in a research report on Wednesday. They issued a “buy” rating and a $102.00 price target on the stock. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Saturday. Deutsche Bank began coverage on shares of FormFactor in a research note on Wednesday, September 30th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, TD Cowen lifted their target price on shares of FormFactor from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.25.

FormFactor Company Profile

FormFactor, Inc. designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization. The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices. FormFactor serves customers around the world, including semiconductor manufacturers and research organizations.