FormFactor, Inc. (FORM) Shares Bought by Quantbot Technologies LP
Quantbot Technologies LP lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 3,136.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,662 shares of the semiconductor company’s stock after buying an additional 14,209 shares during the quarter. Quantbot Technologies LP’s holdings in FormFactor were worth $181,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of FormFactor by 8,988.5% in the second quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock worth $1,708,000 after buying an additional 136,266 shares in the last quarter. Alpha Windward LLC purchased a new position in shares of FormFactor in the second quarter worth $418,000. Comerica Bank purchased a new position in shares of FormFactor in the second quarter worth $1,010,000. Insight Capital Research & Management Inc. purchased a new position in shares of FormFactor in the second quarter worth $368,000. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of FormFactor by 79.9% in the first quarter. Kennedy Capital Management Inc. now owns 597,655 shares of the semiconductor company’s stock worth $7,082,000 after buying an additional 265,415 shares in the last quarter. 86.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FormFactor, Inc. (NASDAQ:FORM) opened at 17.05 on Friday. The company’s 50-day moving average is $15.49 and its 200-day moving average is $13.51. The stock’s market cap is $1.24 billion. FormFactor, Inc. has a 1-year low of $8.55 and a 1-year high of $17.30.
FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.62%. The firm had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $134.53 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 73.3% compared to the same quarter last year. Equities analysts expect that FormFactor, Inc. will post $1.22 EPS for the current fiscal year.
In other FormFactor news, Director Michael W. Zellner sold 3,725 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $15.26, for a total value of $56,843.50. Following the transaction, the director now owns 63,000 shares in the company, valued at approximately $961,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael M. Ludwig sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $14.07, for a total value of $140,700.00. Following the completion of the transaction, the chief financial officer now owns 267,977 shares in the company, valued at approximately $3,770,436.39. The disclosure for this sale can be found here. Insiders sold a total of 43,725 shares of company stock worth $623,844 in the last 90 days. 2.84% of the stock is currently owned by insiders.
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Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of FormFactor in a report on Tuesday, September 12th. DA Davidson reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a report on Thursday, August 31st. B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a report on Tuesday, August 8th. Finally, BidaskClub raised shares of FormFactor from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.43.
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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