FormFactor, Inc. (FORM) Shares Bought by Hood River Capital Management LLC
Hood River Capital Management LLC raised its stake in FormFactor, Inc. (NASDAQ:FORM) by 22.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,228,053 shares of the semiconductor company’s stock after purchasing an additional 223,626 shares during the period. Hood River Capital Management LLC owned 1.70% of FormFactor worth $15,228,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC increased its position in shares of FormFactor by 5.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 17,472 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 972 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of FormFactor by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock worth $20,724,000 after purchasing an additional 78,868 shares during the last quarter. EAM Investors LLC bought a new stake in shares of FormFactor in the 2nd quarter worth about $3,750,000. Parametric Portfolio Associates LLC increased its position in shares of FormFactor by 198.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 71,924 shares of the semiconductor company’s stock worth $892,000 after purchasing an additional 47,835 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of FormFactor by 3,136.6% in the 2nd quarter. Quantbot Technologies LP now owns 14,662 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 14,209 shares during the last quarter. 86.55% of the stock is owned by institutional investors.
Several research firms have recently weighed in on FORM. B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of FormFactor in a research 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 target price for the company in a research report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of FormFactor in a research report on Thursday, August 3rd. BidaskClub downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, DA Davidson reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a research report on Thursday, August 31st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. FormFactor currently has an average rating of “Buy” and an average price target of $17.43.
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In other news, Director Michael W. Zellner sold 3,725 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $15.26, for a total value of $56,843.50. Following the completion of the transaction, the director now owns 63,000 shares in the company, valued at approximately $961,380. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael M. Ludwig sold 10,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $14.07, for a total transaction of $140,700.00. Following the completion of the transaction, the chief financial officer now owns 267,977 shares of the company’s stock, valued at approximately $3,770,436.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,725 shares of company stock valued at $623,844. Corporate insiders own 2.84% of the company’s stock.
Shares of FormFactor, Inc. (NASDAQ FORM) traded up 0.469% during midday trading on Monday, hitting $16.075. 202,226 shares of the company were exchanged. The stock’s 50-day moving average is $14.55 and its 200-day moving average is $13.07. The stock’s market cap is $1.17 billion. FormFactor, Inc. has a one year low of $8.55 and a one year high of $16.38.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.62%. The company had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $134.53 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue was up 73.3% on a year-over-year basis. Equities research analysts anticipate that FormFactor, Inc. will post $1.22 EPS for the current year.
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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