FormFactor, Inc. (FORM) Shares Sold by RK Capital Management LLC
RK Capital Management LLC reduced its position in FormFactor, Inc. (NASDAQ:FORM) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,581 shares of the semiconductor company’s stock after selling 17,700 shares during the quarter. RK Capital Management LLC owned approximately 0.49% of FormFactor worth $6,042,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new position in FormFactor in the third quarter valued at approximately $1,171,000. JPMorgan Chase & Co. acquired a new position in FormFactor in the third quarter valued at approximately $1,956,000. American International Group Inc. boosted its stake in FormFactor by 8.1% in the third quarter. American International Group Inc. now owns 48,276 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 3,610 shares during the period. EAM Investors LLC boosted its stake in FormFactor by 4.0% in the third quarter. EAM Investors LLC now owns 314,551 shares of the semiconductor company’s stock valued at $5,300,000 after acquiring an additional 12,114 shares during the period. Finally, Cortina Asset Management LLC boosted its stake in FormFactor by 29.4% in the third quarter. Cortina Asset Management LLC now owns 873,881 shares of the semiconductor company’s stock valued at $14,725,000 after acquiring an additional 198,302 shares during the period. 84.30% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Richard Delateur sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total transaction of $265,350.00. Following the sale, the director now owns 25,000 shares in the company, valued at approximately $442,250. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael M. Ludwig sold 16,845 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the sale, the chief financial officer now owns 241,132 shares in the company, valued at approximately $4,219,810. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
FormFactor, Inc. (NASDAQ FORM) opened at $16.40 on Friday. The stock has a market capitalization of $1,190.00, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. FormFactor, Inc. has a twelve month low of $10.15 and a twelve month high of $18.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45.
FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The company had revenue of $143.74 million for the quarter, compared to analysts’ expectations of $140.83 million. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. equities research analysts forecast that FormFactor, Inc. will post 1.04 EPS for the current fiscal year.
Several equities analysts have recently issued reports on FORM shares. B. Riley reiterated a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of FormFactor in a research report on Thursday, November 2nd. Citigroup upped their target price on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of FormFactor in a research report on Friday, October 27th. DA Davidson restated a “buy” rating and issued a $20.00 target price on shares of FormFactor in a research report on Thursday, August 31st. Finally, Zacks Investment Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.06.
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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