Emerald Mutual Fund Advisers Trust decreased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374,610 shares of the semiconductor company's stock after selling 26,244 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.49% of FormFactor worth $10,598,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of FormFactor in the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in shares of FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 861 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of FormFactor in the 4th quarter worth approximately $43,000. GAMMA Investing LLC grew its stake in shares of FormFactor by 52.3% in the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of FormFactor in the 4th quarter worth approximately $177,000. Institutional investors and hedge funds own 98.76% of the company's stock.
FormFactor Stock Down 0.9%
Shares of FORM stock traded down $0.33 during trading on Friday, hitting $35.97. 365,585 shares of the company were exchanged, compared to its average volume of 779,180. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.56 and a current ratio of 4.45. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 52.13 and a beta of 1.15. The business's 50-day simple moving average is $32.98 and its 200 day simple moving average is $34.15. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $62.38.
FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. As a group, analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on FORM shares. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Evercore ISI decreased their target price on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. DA Davidson decreased their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, B. Riley raised their target price on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.71.
Read Our Latest Stock Report on FORM
Insider Activity at FormFactor
In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the sale, the director directly owned 40,957 shares in the company, valued at $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the sale, the chief executive officer owned 510,650 shares of the company's stock, valued at $16,197,818. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.
FormFactor Company Profile
(
Free Report)
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.
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