FormFactor, Inc. (NASDAQ:FORM) Stock Position Raised by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 124.3% during the fourth quarter, Holdings Channel reports. The firm owned 166,730 shares of the semiconductor company’s stock after purchasing an additional 92,405 shares during the quarter. FormFactor makes up approximately 1.6% of Lisanti Capital Growth LLC’s portfolio, making the stock its 13th largest holding. Lisanti Capital Growth LLC’s holdings in FormFactor were worth $6,954,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FORM. GAMMA Investing LLC acquired a new stake in FormFactor during the 4th quarter worth about $55,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of FormFactor in the third quarter worth approximately $70,000. Mackenzie Financial Corp purchased a new stake in shares of FormFactor in the 4th quarter valued at approximately $202,000. Ausbil Investment Management Ltd acquired a new position in FormFactor in the 4th quarter worth approximately $208,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in FormFactor during the 4th quarter worth approximately $209,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Up 2.4 %

FORM traded up $1.27 during midday trading on Monday, hitting $55.27. 733,004 shares of the company’s stock traded hands, compared to its average volume of 481,834. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67. The company has a market cap of $4.29 billion, a PE ratio of 41.87 and a beta of 1.15. The stock’s fifty day simple moving average is $44.33 and its 200-day simple moving average is $40.66. FormFactor, Inc. has a one year low of $27.46 and a one year high of $55.43.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Craig Hallum increased their target price on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their price objective on FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Stifel Nicolaus raised their price target on shares of FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Evercore ISI began coverage on shares of FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.30.

Insider Transactions at FormFactor

In related news, CFO Shai Shahar sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,000 shares of company stock worth $1,398,580. 0.96% of the stock is owned by corporate insiders.

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.