15,130 FormFactor, Inc. $FORM Shares Acquired by Royce & Associates LP

Royce & Associates LP boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 249,686 shares of the semiconductor company’s stock after buying an additional 15,130 shares during the quarter. Royce & Associates LP’s holdings in FormFactor were worth $37,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in FormFactor in the 2nd quarter valued at approximately $1,676,772,000. Andar Capital Management HK Ltd bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $27,000,000. Bank of America Corp DE bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $285,257,000. Primecap Management Co. CA acquired a new stake in shares of FormFactor during the 2nd quarter worth approximately $270,300,000. Finally, Reinhart Partners LLC. grew its holdings in shares of FormFactor by 3.1% during the 3rd quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock worth $98,495,000 after purchasing an additional 19,745 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Activity at FormFactor

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mike Slessor sold 11,098 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total value of $1,389,469.60. Following the transaction, the chief executive officer owned 455,596 shares of the company’s stock, valued at $57,040,619.20. This trade represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 30,708 shares of company stock worth $3,425,102. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FORM. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. Stifel Nicolaus set a $115.00 target price on FormFactor in a research report on Tuesday, October 13th. Evercore set a $150.00 price target on shares of FormFactor in a research note on Thursday, July 30th. Finally, TD Cowen boosted their price target on shares of FormFactor from $100.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and an average price target of $133.25.

FormFactor Price Performance

NASDAQ FORM traded down $4.79 on Friday, reaching $87.53. The company’s stock had a trading volume of 1,296,038 shares, compared to its average volume of 1,705,185. FormFactor, Inc. has a 52 week low of $47.33 and a 52 week high of $160.27. The company has a current ratio of 3.68, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.85 billion, a PE ratio of 39.97 and a beta of 1.27. The business has a 50-day moving average price of $112.83 and a 200 day moving average price of $113.96.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. The firm had revenue of $280.55 million during the quarter, compared to analysts’ expectations of $270.52 million. FormFactor had a net margin of 17.72% and a return on equity of 18.40%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Sell-side analysts expect that FormFactor, Inc. will post 2.96 EPS for the current year.

FormFactor Company Profile

FormFactor, Inc. designs and manufactures testing and measurement products used in the development and production of semiconductor devices. Its offerings include probe cards, which connect test equipment to semiconductor wafers, as well as probe stations and related systems for electrical and thermal characterization. The company’s products support testing at multiple stages of semiconductor development and manufacturing, including work on advanced integrated circuits and other complex devices. FormFactor serves customers around the world, including semiconductor manufacturers and research organizations.