FormFactor, Inc. (NASDAQ:FORM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 4,208.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,343 shares of the semiconductor company's stock after buying an additional 145,877 shares during the period. GAMMA Investing LLC owned approximately 0.19% of FormFactor worth $4,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,609 shares during the last quarter. Swiss National Bank increased its holdings in shares of FormFactor by 0.9% during the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock worth $6,697,000 after buying an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FormFactor by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock worth $40,499,000 after buying an additional 34,338 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of FormFactor by 22.4% during the 4th quarter. Sanctuary Advisors LLC now owns 18,225 shares of the semiconductor company's stock worth $802,000 after buying an additional 3,333 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of FormFactor during the 4th quarter worth $1,123,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares in the company, valued at $14,533,716. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director now owns 40,957 shares in the company, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,000 shares of company stock valued at $333,560. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

FORM has been the subject of several recent research reports. Evercore ISI lowered their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. B. Riley increased their price target on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, DA Davidson lowered their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, FormFactor presently has a consensus rating of "Hold" and a consensus price target of $42.71.

FormFactor Stock Down 2.1%

NASDAQ:FORM traded down $0.72 on Friday, reaching $33.63. The stock had a trading volume of 545,784 shares, compared to its average volume of 780,629. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $29.93 and a 200 day moving average of $35.24. The stock has a market cap of $2.59 billion, a P/E ratio of 37.79 and a beta of 1.13. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The company had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same period in the prior year, the company posted $0.18 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

FormFactor 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.