Peregrine Capital Management LLC trimmed its stake in FormFactor, Inc. (NASDAQ:FORM) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,885,494 shares of the semiconductor company’s stock after selling 13,711 shares during the period. FormFactor makes up approximately 0.8% of Peregrine Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Peregrine Capital Management LLC owned approximately 2.60% of FormFactor worth $31,771,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in FormFactor by 8,988.5% during the second quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock valued at $1,708,000 after buying an additional 136,266 shares during the period. Alpha Windward LLC bought a new position in shares of FormFactor during the 2nd quarter valued at approximately $418,000. Schwab Charles Investment Management Inc. grew its position in FormFactor by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock valued at $4,154,000 after acquiring an additional 20,777 shares during the last quarter. Comerica Bank bought a new position in FormFactor in the 2nd quarter valued at $1,010,000. Finally, Insight Capital Research & Management Inc. purchased a new stake in shares of FormFactor in the 2nd quarter worth $368,000. Institutional investors own 84.11% of the company’s stock.
FormFactor, Inc. (NASDAQ:FORM) traded down $0.07 during mid-day trading on Tuesday, hitting $17.40. 552,100 shares of the company traded hands, compared to its average volume of 683,288. FormFactor, Inc. has a one year low of $10.05 and a one year high of $18.65. The company has a market capitalization of $1,275.40, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16.
FormFactor (NASDAQ:FORM) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $143.74 million for the quarter, compared to analysts’ expectations of $140.83 million. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. equities analysts anticipate that FormFactor, Inc. will post 1.04 earnings per share for the current fiscal year.
In other news, Director Michael W. Zellner sold 3,725 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $15.26, for a total transaction of $56,843.50. Following the transaction, the director now owns 63,000 shares of the company’s stock, valued at approximately $961,380. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael M. Ludwig sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were 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 directly owns 262,847 shares in the company, valued at approximately $3,735,055.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,570 shares of company stock worth $1,183,981. Insiders own 2.30% of the company’s stock.
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A number of research analysts have recently weighed in on FORM shares. B. Riley reissued a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of FormFactor in a report on Thursday, November 2nd. Citigroup Inc. lifted their price objective on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of FormFactor in a report on Friday, October 27th. DA Davidson reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.06.
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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