Kennedy Capital Management Inc. Boosts Position in FormFactor, Inc. (FORM)
Kennedy Capital Management Inc. boosted its holdings in FormFactor, Inc. (NASDAQ:FORM) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 646,053 shares of the semiconductor company’s stock after purchasing an additional 48,398 shares during the quarter. Kennedy Capital Management Inc. owned about 0.89% of FormFactor worth $8,011,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of FORM. Suntrust Banks Inc. acquired a new stake in FormFactor in the 1st quarter valued at $122,000. Great West Life Assurance Co. Can grew its position in FormFactor by 214.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 12,462 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 8,505 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in FormFactor during the 1st quarter worth $158,000. Tudor Investment Corp ET AL purchased a new position in FormFactor during the 1st quarter worth $160,000. Finally, Bourgeon Capital Management LLC boosted its holdings in FormFactor by 50.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 15,000 shares of the semiconductor company’s stock worth $186,000 after acquiring an additional 5,000 shares during the last quarter. 87.42% of the stock is owned by institutional investors and hedge funds.
In other FormFactor news, CFO Michael M. Ludwig sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $14.21, for a total value of $426,300.00. Following the transaction, the chief financial officer now directly owns 262,847 shares of the company’s stock, valued at $3,735,055.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.07, for a total value of $140,700.00. Following the completion of the transaction, the chief financial officer now directly owns 267,977 shares in the company, valued at $3,770,436.39. The disclosure for this sale can be found here. Insiders sold 44,125 shares of company stock worth $629,416 over the last three months. Insiders own 2.84% of the company’s stock.
FormFactor, Inc. (FORM) opened at 14.775 on Monday. The stock’s market capitalization is $1.07 billion. FormFactor, Inc. has a one year low of $8.55 and a one year high of $15.58. The company has a 50 day moving average of $14.06 and a 200-day moving average of $12.82.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. FormFactor had a positive return on equity of 15.62% and a negative net margin of 1.32%. The company had revenue of $144 million for the quarter, compared to analysts’ expectations of $134.53 million. During the same period last year, the firm posted $0.13 earnings per share. FormFactor’s revenue was up 73.3% compared to the same quarter last year. Equities research analysts predict that FormFactor, Inc. will post $1.22 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of FormFactor in a report on Saturday, July 1st. Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of FormFactor in a report on Thursday, August 3rd. BidaskClub downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $20.00 price objective on shares of FormFactor in a report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.00.
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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