FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 16,845 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the sale, the chief financial officer now directly owns 241,132 shares in the company, valued at $4,219,810. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
FormFactor, Inc. (NASDAQ FORM) traded down $0.70 on Thursday, hitting $16.55. 635,000 shares of the company traded hands, compared to its average volume of 681,784. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. FormFactor, Inc. has a twelve month low of $10.15 and a twelve month high of $18.65. The firm has a market capitalization of $1,258.98, a PE ratio of 17.60, a PEG ratio of 1.03 and a beta of 1.53.
FormFactor (NASDAQ:FORM) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The business had revenue of $143.74 million for the quarter, compared to analysts’ expectations of $140.83 million. During the same period last year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. research analysts expect that FormFactor, Inc. will post 1.04 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in FormFactor by 8,988.5% in 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 purchased a new position in FormFactor in the second quarter valued at approximately $418,000. Schwab Charles Investment Management Inc. raised its holdings in FormFactor by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock valued at $4,154,000 after buying an additional 20,777 shares during the period. Comerica Bank purchased a new position in FormFactor in the second quarter valued at approximately $1,010,000. Finally, Vanguard Group Inc. raised its holdings in FormFactor by 4.4% in the second quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock valued at $74,045,000 after buying an additional 253,323 shares during the period. Hedge funds and other institutional investors own 84.11% of the company’s stock.
A number of equities research analysts recently commented on FORM shares. B. Riley increased their price objective on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of FormFactor in a research note on Friday, October 27th. DA Davidson reaffirmed a “buy” rating and set a $20.00 price target on shares of FormFactor in a research note on Thursday, August 31st. Citigroup Inc. raised their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note 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 company currently has a consensus rating of “Buy” and an average target price 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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