Insider Selling: FormFactor, Inc. (NASDAQ:FORM) Director Sells 13,319 Shares of Stock

FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes sold 13,319 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the transaction, the director now directly owns 7,634 shares of the company’s stock, valued at approximately $427,656.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FormFactor Stock Up 0.2 %

Shares of FORM traded up $0.11 on Wednesday, reaching $56.14. The stock had a trading volume of 391,860 shares, compared to its average volume of 483,343. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 42.41 and a beta of 1.15. The company has a 50-day simple moving average of $44.87 and a 200-day simple moving average of $40.98. FormFactor, Inc. has a 12-month low of $27.46 and a 12-month high of $56.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.67 and a current ratio of 4.51.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The business had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. Sell-side analysts predict that FormFactor, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

FORM has been the subject of several research reports. Craig Hallum upped their target price on shares of 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 increased their price objective on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Evercore ISI initiated coverage on FormFactor in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price for the company. TheStreet upgraded shares of FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Finally, B. Riley boosted their price objective on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.30.

Institutional Trading of FormFactor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in FormFactor by 2.4% in the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after acquiring an additional 224,599 shares in the last quarter. Earnest Partners LLC raised its position in shares of FormFactor by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock worth $225,386,000 after purchasing an additional 78,466 shares during the last quarter. Wellington Management Group LLP boosted its stake in FormFactor by 81.1% in the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after purchasing an additional 862,885 shares in the last quarter. Sei Investments Co. increased its stake in FormFactor by 5.4% during the 1st quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock valued at $68,156,000 after purchasing an additional 76,032 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in FormFactor by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 825,473 shares of the semiconductor company’s stock worth $34,430,000 after buying an additional 9,757 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.