FormFactor, Inc. (FORM) Position Maintained by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY continued to hold its stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the first quarter, Holdings Channel reports. The firm owned 46,192 shares of the semiconductor company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in FormFactor were worth $547,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of FORM. State Street Corp boosted its stake in shares of FormFactor by 7.9% in the fourth quarter. State Street Corp now owns 1,263,833 shares of the semiconductor company’s stock worth $14,155,000 after buying an additional 92,544 shares during the last quarter. Norges Bank bought a new position in FormFactor during the fourth quarter valued at approximately $8,524,000. Teachers Advisors LLC raised its position in FormFactor by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 113,009 shares of the semiconductor company’s stock valued at $1,266,000 after buying an additional 2,273 shares during the period. Bank of Montreal Can raised its position in FormFactor by 4.9% in the first quarter. Bank of Montreal Can now owns 19,378 shares of the semiconductor company’s stock valued at $229,000 after buying an additional 901 shares during the period. Finally, Columbus Circle Investors bought a new position in FormFactor during the first quarter valued at approximately $1,317,000. Institutional investors and hedge funds own 89.36% of the company’s stock.
Shares of FormFactor, Inc. (NASDAQ FORM) traded down 1.08% during trading on Thursday, hitting $13.70. The company’s stock had a trading volume of 110,505 shares. The firm’s 50 day moving average is $13.01 and its 200-day moving average is $12.50. FormFactor, Inc. has a 1-year low of $8.55 and a 1-year high of $15.58. The company’s market capitalization is $989.13 million.
FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.12. The firm had revenue of $144 million for the quarter, compared to analyst estimates of $134.53 million. FormFactor had a positive return on equity of 15.85% and a negative net margin of 1.32%. The company’s revenue was up 73.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Analysts forecast that FormFactor, Inc. will post $1.22 EPS for the current fiscal year.
FORM has been the topic of several recent research reports. Zacks Investment Research raised FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Wednesday. BidaskClub lowered FormFactor from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. B. Riley reissued a “buy” rating and set a $20.00 price target on shares of FormFactor in a research report on Tuesday. Sidoti reissued a “buy” rating and set a $18.00 price target (up from $15.00) on shares of FormFactor in a research report on Wednesday, June 14th. Finally, ValuEngine raised FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $16.38.
In other FormFactor news, Director Dennis Thomas St sold 285,333 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $14.61, for a total value of $4,168,715.13. Following the sale, the director now owns 40,666 shares of the company’s stock, valued at approximately $594,130.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Delateur sold 45,262 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $14.08, for a total value of $637,288.96. Following the completion of the sale, the director now directly owns 55,262 shares in the company, valued at approximately $778,088.96. The disclosure for this sale can be found here. Insiders sold a total of 336,995 shares of company stock worth $4,894,976 in the last ninety days. Insiders own 2.84% of the company’s stock.
FormFactor Company Profile
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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