Richard Delateur Sells 15,000 Shares of FormFactor, Inc. (FORM) Stock
FormFactor, Inc. (NASDAQ:FORM) Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $442,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
FormFactor, Inc. (FORM) opened at $17.35 on Friday. The firm has a market cap of $1,269.93, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.04 and a beta of 1.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.25. FormFactor, Inc. has a one year low of $9.35 and a one year high of $18.65.
FormFactor (NASDAQ:FORM) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The firm had revenue of $143.74 million during the quarter, compared to analyst estimates of $140.83 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. analysts predict that FormFactor, Inc. will post 1.04 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in FormFactor by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after buying an additional 253,323 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of FormFactor by 84.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock valued at $24,816,000 after purchasing an additional 918,160 shares during the period. Victory Capital Management Inc. raised its holdings in shares of FormFactor by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,000,917 shares of the semiconductor company’s stock valued at $33,715,000 after purchasing an additional 25,550 shares during the period. Alliancebernstein L.P. grew its stake in FormFactor by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,955,025 shares of the semiconductor company’s stock valued at $24,242,000 after buying an additional 32,341 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in FormFactor by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock valued at $20,724,000 after buying an additional 78,868 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have commented on FORM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of FormFactor in a report on Friday, October 27th. BidaskClub raised shares of FormFactor from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. B. Riley lifted their target price on shares of FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. DA Davidson reaffirmed a “buy” rating and set a $20.00 target price on shares of FormFactor in a report on Thursday, August 31st. Finally, Citigroup Inc. lifted their target price on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price 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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