SG Americas Securities LLC Buys New Shares in FormFactor, Inc. (NASDAQ:FORM)

SG Americas Securities LLC acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,567 shares of the semiconductor company's stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in FormFactor during the 4th quarter valued at $27,000. Pinpoint Asset Management Ltd acquired a new stake in shares of FormFactor during the fourth quarter worth $43,000. Versant Capital Management Inc raised its holdings in shares of FormFactor by 256.3% during the first 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 period. IFP Advisors Inc raised its holdings in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 1,181 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a 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 on the stock in a report on Thursday, May 1st. B. Riley increased their price objective on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FormFactor has a consensus rating of "Hold" and a consensus price target of $42.71.

FormFactor Trading Down 2.2%

NASDAQ:FORM opened at $32.55 on Friday. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $30.57 and a two-hundred day moving average price of $34.99. The company has a market cap of $2.51 billion, a P/E ratio of 47.17 and a beta of 1.13.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 EPS. As a group, analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction 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 now owns 40,957 shares in the company, valued at $1,279,496.68. The trade was a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock worth $333,560 in the last ninety days. Company insiders own 0.90% of the company's stock.

FormFactor Company 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.

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