Lisanti Capital Growth LLC Sells 7,070 Shares of FormFactor, Inc. $FORM

Lisanti Capital Growth LLC lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,360 shares of the semiconductor company’s stock after selling 7,070 shares during the period. FormFactor makes up 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 23rd biggest position. Lisanti Capital Growth LLC’s holdings in FormFactor were worth $5,130,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its holdings in FormFactor by 14.0% in the third quarter. Ritholtz Wealth Management now owns 1,701 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 209 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its position in FormFactor by 15.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 14,811 shares of the semiconductor company’s stock worth $2,211,000 after purchasing an additional 2,019 shares during the period. Lido Advisors LLC purchased a new position in shares of FormFactor during the 3rd quarter valued at about $682,000. New York Life Investment Management LLC raised its stake in shares of FormFactor by 23.5% during the 3rd quarter. New York Life Investment Management LLC now owns 12,130 shares of the semiconductor company’s stock valued at $1,811,000 after buying an additional 2,307 shares during the last quarter. Finally, Fulcrum Asset Management LLP raised its stake in shares of FormFactor by 832.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 25,010 shares of the semiconductor company’s stock valued at $3,408,000 after buying an additional 22,328 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen boosted their price objective on FormFactor from $100.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, October 29th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Deutsche Bank assumed coverage on FormFactor in a report on Wednesday, September 30th. They set a “buy” rating and a $200.00 target price on the stock. Zacks Research cut FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, B. Riley Financial decreased their price target on FormFactor from $150.00 to $125.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.25.

Insider Transactions at FormFactor

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the sale, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 17,510 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30. Following the sale, the chief executive officer owned 466,694 shares in the company, valued at $48,876,862.62. This trade represents a 3.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 46,710 shares of company stock valued at $5,520,564. Insiders own 0.79% of the company’s stock.

FormFactor Stock Performance

FORM opened at $95.78 on Thursday. The firm has a fifty day moving average price of $113.10 and a 200 day moving average price of $113.80. FormFactor, Inc. has a 1 year low of $47.33 and a 1 year high of $160.27. The stock has a market cap of $7.49 billion, a P/E ratio of 43.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.68 and a quick ratio of 3.02.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. FormFactor had a net margin of 17.72% and a return on equity of 18.40%. The company had revenue of $280.55 million for the quarter, compared to analyst estimates of $270.52 million. During the same quarter last year, the business earned $0.33 earnings per share. The firm’s revenue was up 38.4% on a year-over-year basis. Equities research analysts anticipate that FormFactor, Inc. will post 2.96 earnings per share 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.