Blueshift Asset Management LLC Acquires 8,569 Shares of FormFactor, Inc. (NASDAQ:FORM)

Blueshift Asset Management LLC lifted its holdings in FormFactor, Inc. (NASDAQ:FORM) by 132.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,056 shares of the semiconductor company’s stock after acquiring an additional 8,569 shares during the period. Blueshift Asset Management LLC’s holdings in FormFactor were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd boosted its stake in shares of FormFactor by 157.2% in the second quarter. Qube Research & Technologies Ltd now owns 27,263 shares of the semiconductor company’s stock worth $994,000 after acquiring an additional 16,663 shares during the period. Geode Capital Management LLC boosted its stake in shares of FormFactor by 3.1% in the second quarter. Geode Capital Management LLC now owns 1,367,967 shares of the semiconductor company’s stock worth $49,876,000 after acquiring an additional 41,034 shares during the period. Vanguard Group Inc. boosted its stake in shares of FormFactor by 0.3% in the second quarter. Vanguard Group Inc. now owns 8,624,628 shares of the semiconductor company’s stock worth $314,454,000 after acquiring an additional 27,584 shares during the period. Juncture Wealth Strategies LLC boosted its stake in shares of FormFactor by 77.1% in the second quarter. Juncture Wealth Strategies LLC now owns 10,462 shares of the semiconductor company’s stock worth $398,000 after acquiring an additional 4,553 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of FormFactor by 66.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 544,379 shares of the semiconductor company’s stock worth $19,848,000 after acquiring an additional 216,973 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:FORM opened at $34.79 on Thursday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 34.45 and a beta of 1.43. FormFactor, Inc. has a 1 year low of $27.77 and a 1 year high of $52.39. The business has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $38.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.23 and a quick ratio of 2.51.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 28th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $188.08 million during the quarter, compared to analyst estimates of $185.33 million. FormFactor had a return on equity of 13.98% and a net margin of 10.63%. As a group, analysts expect that FormFactor, Inc. will post 1.24 earnings per share for the current fiscal year.

FORM has been the subject of a number of research reports. Needham & Company LLC initiated coverage on FormFactor in a research note on Monday, July 26th. They set a “buy” rating and a $57.00 price target for the company. CL King initiated coverage on FormFactor in a research note on Friday, June 25th. They set a “buy” rating and a $42.00 price target for the company. Finally, DA Davidson raised FormFactor from a “neutral” rating to a “buy” rating in a research note on Friday, July 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $52.29.

FormFactor Profile

FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment comprises of analytical probe solutions for on-wafer probing, board test, and package test.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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