FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 30,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.73, for a total transaction of $381,900.00. Following the sale, the chief financial officer now owns 270,387 shares of the company’s stock, valued at $3,442,026.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of FormFactor, Inc. (NASDAQ:FORM) opened at $12.85 on Friday. FormFactor, Inc. has a 12-month low of $10.45 and a 12-month high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16. The firm has a market cap of $932.04, a price-to-earnings ratio of 12.85, a PEG ratio of 0.74 and a beta of 1.27.
Several research firms have recently weighed in on FORM. Citigroup decreased their price objective on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. BidaskClub cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley reiterated a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of FormFactor in a research report on Monday, January 29th. Zacks Investment Research cut shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Finally, Needham & Company LLC decreased their price objective on shares of FormFactor from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.00.
Several institutional investors and hedge funds have recently bought and sold shares of FORM. Gotham Asset Management LLC acquired a new stake in FormFactor in the second quarter worth $140,000. Advisor Group Inc. grew its holdings in FormFactor by 105.4% in the third quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 4,909 shares during the period. SG Americas Securities LLC acquired a new stake in FormFactor in the third quarter worth $172,000. BlueCrest Capital Management Ltd acquired a new stake in FormFactor in the fourth quarter worth $179,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in FormFactor in the fourth quarter worth $186,000. Institutional investors own 82.93% of the company’s stock.
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FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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