Koch Industries Inc. Has $1,355,000 Holdings in FormFactor, Inc. (FORM)
Koch Industries Inc. continued to hold its position in FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,305 shares of the semiconductor company’s stock at the close of the 2nd quarter. FormFactor comprises about 0.4% of Koch Industries Inc.’s investment portfolio, making the stock its 16th biggest holding. Koch Industries Inc. owned about 0.15% of FormFactor worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in FormFactor by 4.4% in the second quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after buying an additional 253,323 shares in the last quarter. Dimensional Fund Advisors LP increased its position in FormFactor by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,382,642 shares of the semiconductor company’s stock worth $63,783,000 after buying an additional 107,736 shares in the last quarter. Pinnacle Associates Ltd. increased its position in FormFactor by 84.8% in the second quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock worth $24,816,000 after buying an additional 918,160 shares in the last quarter. Alliancebernstein L.P. increased its position in FormFactor by 1.7% in the second quarter. Alliancebernstein L.P. now owns 1,955,025 shares of the semiconductor company’s stock worth $24,242,000 after buying an additional 32,341 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in FormFactor by 5.0% in the second quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock worth $20,724,000 after buying an additional 78,868 shares in the last quarter. Institutional investors own 86.55% of the company’s stock.
In related news, CFO Michael M. Ludwig sold 30,000 shares of FormFactor 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 completion of the transaction, the chief financial officer now owns 262,847 shares in the company, valued at approximately $3,735,055.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael W. Zellner sold 3,725 shares of FormFactor stock in a transaction dated 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 of the company’s stock, valued at approximately $961,380. 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. 2.84% of the stock is owned by company insiders.
A number of analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target (up previously from $16.00) on shares of FormFactor in a research report on Thursday, August 3rd. Zacks Investment Research cut FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. B. Riley restated a “buy” rating and issued a $17.00 price target on shares of FormFactor in a research report on Monday, June 26th. BidaskClub upgraded FormFactor from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, DA Davidson restated a “buy” rating and issued a $20.00 price target on shares of FormFactor in a research report on Thursday, August 31st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.43.
FormFactor, Inc. (NASDAQ FORM) traded down 0.29% during mid-day trading on Friday, hitting $17.20. The company had a trading volume of 108,812 shares. The company has a 50-day moving average price of $15.92 and a 200 day moving average price of $13.72. FormFactor, Inc. has a 12 month low of $8.55 and a 12 month high of $17.35. The firm’s market capitalization is $1.25 billion.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $144.00 million during the quarter, compared to analyst estimates of $134.53 million. During the same quarter in the previous year, the business earned $0.13 EPS. FormFactor’s revenue for the quarter was up 73.3% compared to the same quarter last year. Equities analysts forecast that FormFactor, Inc. will post $1.22 EPS for the current fiscal year.
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FormFactor Company Profile
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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