TimesSquare Capital Management LLC Makes New Investment in FormFactor, Inc. (NASDAQ:FORM)

TimesSquare Capital Management LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 371,225 shares of the semiconductor company's stock, valued at approximately $15,484,000. TimesSquare Capital Management LLC owned approximately 0.48% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in FormFactor by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 825,473 shares of the semiconductor company's stock worth $34,430,000 after acquiring an additional 9,757 shares in the last quarter. Lisanti Capital Growth LLC raised its holdings in FormFactor by 124.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company's stock worth $6,954,000 after acquiring an additional 92,405 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in FormFactor by 142.7% during the fourth quarter. Russell Investments Group Ltd. now owns 97,327 shares of the semiconductor company's stock worth $4,060,000 after acquiring an additional 57,233 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in FormFactor during the fourth quarter worth about $209,000. Finally, GAMMA Investing LLC bought a new stake in FormFactor during the fourth quarter worth about $55,000. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FORM shares. Evercore ISI started coverage on FormFactor in a research note on Tuesday, April 16th. They issued an "in-line" rating and a $50.00 price objective on the stock. Needham & Company LLC upped their price objective on FormFactor from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. B. Riley upped their price objective on FormFactor from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. StockNews.com lowered FormFactor from a "buy" rating to a "hold" rating in a research note on Friday, April 19th. Finally, TheStreet upgraded FormFactor from a "c" rating to a "b-" rating in a research note on Thursday, February 8th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $47.30.

FormFactor Trading Down 0.4 %

Shares of FORM stock traded down $0.20 during mid-day trading on Friday, hitting $56.45. The company's stock had a trading volume of 443,425 shares, compared to its average volume of 483,509. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51. The company's fifty day simple moving average is $45.44 and its 200-day simple moving average is $41.19. The company has a market cap of $4.38 billion, a PE ratio of 42.92 and a beta of 1.15. FormFactor, Inc. has a 52 week low of $27.96 and a 52 week high of $57.39.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. As a group, equities research analysts expect that FormFactor, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Shai Shahar sold 10,000 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the transaction, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the transaction, the chief executive officer now 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 sold a total of 51,413 shares of company stock worth $2,484,512 in the last three months. Company insiders own 0.96% 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.