Dupont Capital Management Corp acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,247 shares of the semiconductor company’s stock, valued at approximately $623,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV bought a new position in shares of FormFactor in the second quarter valued at about $43,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of FormFactor by 61.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,723 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 657 shares during the period. Cognios Capital LLC bought a new position in shares of FormFactor in the first quarter valued at about $51,000. Mutual of America Capital Management LLC raised its position in shares of FormFactor by 21.3% in the first quarter. Mutual of America Capital Management LLC now owns 3,257 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 573 shares during the period. Finally, First Bank & Trust raised its position in shares of FormFactor by 50.8% in the first quarter. First Bank & Trust now owns 4,656 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 1,568 shares during the period. 92.25% of the stock is currently owned by institutional investors.
FORM stock opened at $28.84 on Friday. The company’s 50-day moving average price is $29.82 and its two-hundred day moving average price is $25.14. FormFactor, Inc. has a 12 month low of $16.25 and a 12 month high of $33.07. The company has a quick ratio of 2.96, a current ratio of 3.63 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.20 billion, a P/E ratio of 27.21 and a beta of 1.40.
FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. FormFactor had a net margin of 9.92% and a return on equity of 13.09%. The company had revenue of $157.82 million for the quarter, compared to the consensus estimate of $159.00 million. Equities analysts predict that FormFactor, Inc. will post 0.96 EPS for the current year.
In other news, Director Sheri Rhodes sold 2,010 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $31.90, for a total value of $64,119.00. Following the sale, the director now directly owns 2,009 shares in the company, valued at approximately $64,087.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $24.60, for a total transaction of $615,000.00. Following the completion of the sale, the chief executive officer now owns 345,767 shares in the company, valued at $8,505,868.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,121 shares of company stock worth $1,061,110. 1.22% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on FORM shares. BidaskClub raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Craig Hallum lowered shares of FormFactor from a “buy” rating to a “hold” rating and raised their price target for the stock from $25.00 to $29.00 in a research report on Thursday, July 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Friday. Stifel Nicolaus raised shares of FormFactor to a “positive” rating in a research report on Thursday, July 2nd. Finally, Sidoti raised their price target on shares of FormFactor from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. FormFactor presently has a consensus rating of “Buy” and a consensus target price of $30.30.
FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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