Brian C. White Sells 3,290 Shares of FormFactor, Inc. (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) Director Brian C. White sold 3,290 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $57.00, for a total value of $187,530.00. Following the sale, the director now owns 11,828 shares in the company, valued at $674,196. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $58.66 on Friday. The firm has a market capitalization of $4.53 billion, a PE ratio of 44.44 and a beta of 1.15. 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 business has a 50-day moving average of $47.89 and a two-hundred day moving average of $42.84. FormFactor, Inc. has a 12 month low of $29.43 and a 12 month high of $60.78.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $168.73 million for the quarter, compared to analyst estimates of $165.45 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. As a group, research analysts forecast that FormFactor, Inc. will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in FormFactor by 19.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares during the last quarter. Arizona State Retirement System grew its stake in shares of FormFactor by 1.4% in the third quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company’s stock valued at $767,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of FormFactor by 30.4% in the first quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock valued at $85,000 after buying an additional 434 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of FormFactor by 3.1% in the third quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock valued at $684,000 after buying an additional 582 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of FormFactor by 0.4% in the first quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock valued at $7,009,000 after buying an additional 600 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Craig Hallum boosted their target price on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC boosted their target price on FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Stifel Nicolaus upped their price objective on FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Finally, B. Riley upped their price objective on FormFactor from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.40.

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.