Rebeca Obregon-Jimenez Sells 4,000 Shares of FormFactor, Inc. (NASDAQ:FORM) Stock

Key Points

• Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor, Inc. for a total of $118,200, which reflects a 23.36% decrease in her holdings.
• FormFactor's stock recently rose 2.5%, closing at $30.56, despite a missed earnings estimate in their last quarterly report.
• Analysts have mixed ratings on FormFactor, with one downgrade to "sell" and a consensus target price of $41.14 after various price target adjustments.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) Director Rebeca Obregon-Jimenez sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the transaction, the director directly owned 13,126 shares of the company's stock, valued at approximately $387,873.30. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FormFactor Stock Up 2.5%

Shares of FormFactor stock traded up $0.74 on Wednesday, reaching $30.56. 1,079,819 shares of the company were exchanged, compared to its average volume of 930,211. FormFactor, Inc. has a one year low of $22.58 and a one year high of $51.68. The company has a 50-day moving average of $33.50 and a 200 day moving average of $32.24. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 54.57 and a beta of 1.16.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm's revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

FORM has been the subject of a number of recent research reports. Evercore ISI reduced their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reduced their price target on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Wall Street Zen downgraded FormFactor from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. DA Davidson reduced their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, FormFactor presently has an average rating of "Hold" and a consensus target price of $41.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in FormFactor by 6.6% in the fourth quarter. Wells Fargo & Company MN now owns 284,778 shares of the semiconductor company's stock valued at $12,530,000 after purchasing an additional 17,571 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of FormFactor by 9.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 395,858 shares of the semiconductor company's stock worth $17,418,000 after buying an additional 32,843 shares in the last quarter. Bank of Montreal Can raised its position in FormFactor by 6.9% in the fourth quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company's stock valued at $417,000 after purchasing an additional 610 shares during the last quarter. Advisory Services Network LLC bought a new position in FormFactor in the fourth quarter valued at about $202,000. Finally, Raymond James Financial Inc. bought a new position in FormFactor in the fourth quarter valued at about $14,222,000. Institutional investors and hedge funds own 98.76% of the company's stock.

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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