GAMMA Investing LLC Acquires 145,877 Shares of FormFactor, Inc. (NASDAQ:FORM)

GAMMA Investing LLC grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 4,208.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,343 shares of the semiconductor company's stock after buying an additional 145,877 shares during the quarter. GAMMA Investing LLC owned 0.19% of FormFactor worth $4,225,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in FormFactor by 91.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company's stock worth $11,396,000 after buying an additional 123,333 shares in the last quarter. Blue Trust Inc. grew its holdings in FormFactor by 29.8% during the fourth quarter. Blue Trust Inc. now owns 7,874 shares of the semiconductor company's stock worth $346,000 after acquiring an additional 1,806 shares during the period. Rhumbline Advisers lifted its stake in shares of FormFactor by 1.5% in the 4th quarter. Rhumbline Advisers now owns 212,071 shares of the semiconductor company's stock valued at $9,331,000 after purchasing an additional 3,114 shares during the period. Manchester Capital Management LLC raised its stake in FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 440 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in FormFactor by 38.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 55,431 shares of the semiconductor company's stock valued at $2,439,000 after buying an additional 15,464 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. B. Riley lifted their target price on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. DA Davidson dropped their price objective 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, Evercore ISI lowered their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.71.

FormFactor Stock Down 2.1%

Shares of FORM traded down $0.73 during mid-day trading on Thursday, hitting $34.37. 85,224 shares of the company's stock were exchanged, compared to its average volume of 776,993. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 38.62 and a beta of 1.13. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The firm has a fifty day moving average of $29.52 and a two-hundred day moving average of $35.33.

FormFactor (NASDAQ:FORM - Get Free Report) last issued 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 return on equity of 5.93% and a net margin of 9.12%. The business had revenue of $171.36 million for the quarter, compared to the consensus estimate of $170.03 million. During the same period last year, the business earned $0.18 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director now owns 40,957 shares of the company's stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief executive officer now owns 510,650 shares in the company, valued at approximately $16,197,818. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,000 shares of company stock valued at $333,560. Insiders own 0.90% of the company's stock.

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.