SG Americas Securities LLC Takes Position in FormFactor, Inc. (NASDAQ:FORM)

SG Americas Securities LLC acquired a new stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) during 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 large investors also recently modified their holdings of FORM. Public Employees Retirement System of Ohio acquired a new position in FormFactor in the 4th quarter valued at about $27,000. Versant Capital Management Inc grew its position in shares of FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 861 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of FormFactor during the fourth quarter worth approximately $43,000. IFP Advisors Inc lifted its holdings in 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 purchasing an additional 1,609 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after purchasing an additional 1,181 shares during the period. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the transaction, the chief executive officer now owns 510,650 shares of the company's stock, valued at $16,197,818. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction dated 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 transaction, the director now owns 40,957 shares of the company's stock, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $333,560 in the last ninety days. 0.96% of the stock is owned by insiders.

FormFactor Price Performance

FormFactor stock traded up $1.35 during trading hours on Tuesday, reaching $34.47. 426,967 shares of the stock were exchanged, compared to its average volume of 778,421. The stock has a 50 day moving average of $30.69 and a two-hundred day moving average of $34.83. The company has a market cap of $2.66 billion, a P/E ratio of 49.96 and a beta of 1.13. The company has a current ratio of 4.45, a quick ratio of 3.56 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) 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 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 firm posted $0.18 earnings per share. Equities analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI dropped their target price on 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 lowered their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. B. Riley boosted their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.71.

About FormFactor

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.