FormFactor, Inc. (NASDAQ:FORM) Short Interest Update

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,510,000 shares, a growth of 14.6% from the March 31st total of 2,190,000 shares. Based on an average trading volume of 463,600 shares, the days-to-cover ratio is currently 5.4 days. Approximately 3.3% of the company's shares are sold short.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the transaction, the chief executive officer now owns 499,781 shares in the company, valued at approximately $21,680,499.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Shai Shahar sold 10,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the transaction, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the sale, the chief executive officer now directly owns 499,781 shares of the company's stock, valued at approximately $21,680,499.78. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock valued at $1,223,580 over the last ninety days. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently made changes to their positions in FORM. Quadrant Capital Group LLC grew its stake in FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company's stock worth $66,000 after buying an additional 260 shares during the last quarter. Arizona State Retirement System grew its stake in shares of FormFactor by 1.4% during the third quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company's stock worth $767,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of FormFactor by 30.4% during the first quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company's stock valued at $85,000 after acquiring an additional 434 shares in the last quarter. HighTower Advisors LLC raised its position in shares of FormFactor by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company's stock valued at $684,000 after purchasing an additional 582 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in FormFactor in the 1st quarter worth approximately $28,000. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Up 1.7 %

Shares of FORM traded up $0.78 during trading hours on Monday, hitting $45.53. The company had a trading volume of 372,722 shares, compared to its average volume of 450,108. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.52 billion, a PE ratio of 42.95 and a beta of 1.18. FormFactor has a one year low of $24.88 and a one year high of $47.94. The company's fifty day moving average price is $43.70 and its two-hundred day moving average price is $40.26.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The business had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. As a group, equities analysts forecast that FormFactor will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FORM shares. Evercore ISI initiated coverage on FormFactor in a report on Tuesday, April 16th. They set an "in-line" rating and a $50.00 price objective for the company. TheStreet upgraded shares of FormFactor from a "c" rating to a "b-" rating in a report on Thursday, February 8th. StockNews.com lowered shares of FormFactor from a "buy" rating to a "hold" rating in a report on Friday, April 19th. TD Cowen upped their target price on shares of FormFactor from $33.00 to $37.00 and gave the stock a "market perform" rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $46.00 price target on shares of FormFactor in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of "Hold" and a consensus price target of $42.56.

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.

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