FormFactor, Inc. $FORM Shares Bought by Ethic Inc.

Ethic Inc. grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 218.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,861 shares of the semiconductor company’s stock after acquiring an additional 6,762 shares during the period. Ethic Inc.’s holdings in FormFactor were worth $1,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FORM. Keating Financial Advisory Services Inc. acquired a new stake in FormFactor in the 2nd quarter valued at $25,000. V Square Quantitative Management LLC raised its position in FormFactor by 96.1% in the third quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 124 shares during the period. Persistent Asset Partners Ltd acquired a new position in shares of FormFactor during the second quarter worth about $43,000. Mather Group LLC. acquired a new position in shares of FormFactor during the third quarter worth about $44,000. Finally, USA Financial Formulas purchased a new stake in shares of FormFactor in the first quarter worth about $46,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FORM opened at $92.32 on Friday. FormFactor, Inc. has a 1 year low of $47.33 and a 1 year high of $160.27. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 42.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.68. The firm has a fifty day moving average of $113.02 and a 200-day moving average of $113.89.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. FormFactor had a net margin of 17.72% and a return on equity of 18.40%. The business had revenue of $280.55 million during the quarter, compared to analyst estimates of $270.52 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis. As a group, equities analysts anticipate that FormFactor, Inc. will post 2.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FORM. B. Riley Financial lowered their target price on FormFactor from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Monday. TD Cowen raised their price target on shares of FormFactor from $100.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, October 29th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and an average price target of $133.25.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 11,098 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares of the company’s stock, valued at $57,040,619.20. The trade was a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This trade represents a 7.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 30,708 shares of company stock worth $3,425,102. 0.79% of the stock is currently owned by insiders.

FormFactor Company Profile

FormFactor, Inc. designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization. The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices. FormFactor serves customers around the world, including semiconductor manufacturers and research organizations.