FormFactor, Inc. (NASDAQ:FORM) Director Dennis Thomas St Sells 3,000 Shares

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) Director Dennis Thomas St sold 3,000 shares of the 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 of the company's stock, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

FormFactor Stock Up 4.5%

Shares of NASDAQ:FORM traded up $1.34 during midday trading on Tuesday, reaching $31.36. The company had a trading volume of 1,125,616 shares, compared to its average volume of 774,354. The stock has a market capitalization of $2.42 billion, a P/E ratio of 35.24 and a beta of 1.14. The stock's fifty day moving average price is $28.77 and its 200-day moving average price is $35.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a one year low of $22.58 and a one year 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 for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Equities research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. raised its position in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock valued at $242,000 after acquiring an additional 288 shares in the last quarter. Aviva PLC raised its holdings in shares of FormFactor by 2.3% during the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock worth $649,000 after purchasing an additional 331 shares during the period. CWM LLC raised its holdings in shares of FormFactor by 19.9% during the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 382 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of FormFactor by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after buying an additional 400 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of 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 buying an additional 440 shares during the period. 98.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

FORM has been the topic of several recent research reports. DA Davidson reduced their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report 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 research note on Thursday, May 1st. Stifel Nicolaus lowered their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Finally, B. Riley boosted 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.