FormFactor, Inc. (NASDAQ:FORM) Director Dennis Thomas St Sells 3,792 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) Director Dennis Thomas St sold 3,792 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total value of $145,006.08. Following the completion of the sale, the director now directly owns 38,701 shares in the company, valued at $1,479,926.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

FormFactor Price Performance

NASDAQ FORM opened at $38.56 on Thursday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -428.40 and a beta of 1.20. FormFactor, Inc. has a 1-year low of $20.94 and a 1-year high of $39.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.05. The business’s fifty day moving average price is $34.00 and its 200-day moving average price is $32.76.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FORM. Tudor Investment Corp Et Al increased its position in shares of FormFactor by 368.7% during the 3rd quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after purchasing an additional 65,889 shares during the last quarter. Morgan Stanley grew its position in FormFactor by 20.7% during the third quarter. Morgan Stanley now owns 921,276 shares of the semiconductor company’s stock valued at $32,189,000 after buying an additional 158,065 shares during the period. The Manufacturers Life Insurance Company increased its holdings in FormFactor by 25.5% during the third quarter. The Manufacturers Life Insurance Company now owns 39,317 shares of the semiconductor company’s stock valued at $1,374,000 after buying an additional 7,986 shares during the last quarter. Royal Bank of Canada raised its position in FormFactor by 13.1% in the third quarter. Royal Bank of Canada now owns 715,658 shares of the semiconductor company’s stock worth $25,006,000 after acquiring an additional 82,759 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of FormFactor by 15.4% during the 3rd quarter. Sei Investments Co. now owns 1,286,351 shares of the semiconductor company’s stock worth $44,945,000 after acquiring an additional 171,712 shares during the last quarter. Institutional investors own 93.64% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of several analyst reports. Craig Hallum boosted their target price on FormFactor from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. DA Davidson raised their price target on shares of FormFactor from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus upped their price objective on FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. CL King increased their target price on FormFactor from $37.00 to $43.00 in a research note on Wednesday, July 19th. Finally, Northland Securities boosted their price target on FormFactor from $32.00 to $35.00 in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.67.

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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.