7,070 FormFactor, Inc. $FORM Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its position in FormFactor, Inc. (NASDAQ:FORM) by 17.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,360 shares of the semiconductor company’s stock after selling 7,070 shares during the period. FormFactor accounts for about 1.4% of Lisanti Capital Growth LLC’s portfolio, making the stock its 23rd largest position. Lisanti Capital Growth LLC’s holdings in FormFactor were worth $5,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in shares of FormFactor during the second quarter worth $25,000. V Square Quantitative Management LLC boosted its position in shares of FormFactor by 96.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in FormFactor during the 2nd quarter worth $43,000. Mather Group LLC. acquired a new position in FormFactor during the 3rd quarter valued at about $44,000. Finally, USA Financial Formulas acquired a new position in FormFactor during the 1st quarter valued at about $46,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 17,510 shares of FormFactor stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the completion of the sale, the chief executive officer owned 466,694 shares of the company’s stock, valued at $48,876,862.62. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the sale, the director owned 24,426 shares in the company, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 46,710 shares of company stock worth $5,520,564 over the last three months. Corporate insiders own 0.79% of the company’s stock.

FormFactor Price Performance

NASDAQ FORM opened at $95.78 on Thursday. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 43.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.68 and a quick ratio of 3.02. The stock’s fifty day moving average price is $113.10 and its 200 day moving average price is $113.80. FormFactor, Inc. has a 1 year low of $47.33 and a 1 year high of $160.27.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. The company had revenue of $280.55 million during the quarter, compared to analysts’ expectations of $270.52 million. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The firm’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that FormFactor, Inc. will post 2.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group began coverage on FormFactor in a research note on Wednesday. They issued a “buy” rating and a $102.00 price target for the company. TD Cowen boosted their price target on FormFactor from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. Freedom Capital upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Finally, Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.25.

FormFactor Company Profile

FormFactor, Inc. designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization. The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices. FormFactor serves customers around the world, including semiconductor manufacturers and research organizations.