Earnest Partners LLC lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,802,276 shares of the semiconductor company’s stock after purchasing an additional 363,436 shares during the quarter. Earnest Partners LLC owned about 0.06% of FormFactor worth $75,252,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Bailard Inc. purchased a new position in shares of FormFactor in the 2nd quarter worth approximately $387,000. Fisher Asset Management LLC boosted its holdings in shares of FormFactor by 14.1% in the 2nd quarter. Fisher Asset Management LLC now owns 280,482 shares of the semiconductor company’s stock worth $4,395,000 after purchasing an additional 34,611 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of FormFactor by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock worth $76,315,000 after purchasing an additional 128,782 shares during the period. GYL Financial Synergies LLC purchased a new position in FormFactor during the 1st quarter valued at $848,000. Finally, Janus Henderson Group PLC boosted its holdings in FormFactor by 59.0% during the 2nd quarter. Janus Henderson Group PLC now owns 41,950 shares of the semiconductor company’s stock valued at $657,000 after acquiring an additional 15,573 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.
A number of equities analysts recently issued reports on the company. Needham & Company LLC assumed coverage on FormFactor in a report on Monday, June 10th. They set a “buy” rating and a $19.00 price objective for the company. Zacks Investment Research cut FormFactor from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a report on Monday, August 5th. BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus boosted their price objective on FormFactor from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. FormFactor has an average rating of “Hold” and an average target price of $18.71.
Shares of NASDAQ FORM opened at $18.65 on Friday. The company has a quick ratio of 2.57, a current ratio of 3.38 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $17.06 and a two-hundred day simple moving average of $16.33. The firm has a market cap of $1.40 billion, a PE ratio of 24.22 and a beta of 1.69. FormFactor, Inc. has a twelve month low of $11.38 and a twelve month high of $19.90.
FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $134.65 million. FormFactor had a return on equity of 9.73% and a net margin of 19.27%. FormFactor’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. On average, research analysts expect that FormFactor, Inc. will post 0.63 earnings per share for the current year.
In other news, Director Dennis Thomas St sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $17.26, for a total value of $51,780.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $880,260. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Raymond A. Link sold 5,000 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total value of $76,950.00. Following the completion of the transaction, the director now directly owns 56,602 shares of the company’s stock, valued at $871,104.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,035 shares of company stock valued at $1,157,523. 1.88% of the stock is currently owned by corporate insiders.
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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