Russell Investments Group Ltd. Has $10.42 Million Position in FormFactor, Inc. (FORM)
Russell Investments Group Ltd. boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 107.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 840,529 shares of the semiconductor company’s stock after buying an additional 434,494 shares during the period. Russell Investments Group Ltd.’s holdings in FormFactor were worth $10,421,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FORM. Hood River Capital Management LLC boosted its position in FormFactor by 3.5% in the first quarter. Hood River Capital Management LLC now owns 1,004,427 shares of the semiconductor company’s stock worth $11,902,000 after buying an additional 33,666 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in FormFactor during the first quarter worth approximately $158,000. State of Wisconsin Investment Board boosted its position in FormFactor by 7.2% in the first quarter. State of Wisconsin Investment Board now owns 593,447 shares of the semiconductor company’s stock worth $7,032,000 after buying an additional 40,000 shares during the last quarter. Ameriprise Financial Inc. boosted its position in FormFactor by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 1,130,857 shares of the semiconductor company’s stock worth $13,400,000 after buying an additional 3,160 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in FormFactor by 94.1% in the first quarter. UBS Asset Management Americas Inc. now owns 26,578 shares of the semiconductor company’s stock worth $315,000 after buying an additional 12,883 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.
FormFactor, Inc. (NASDAQ:FORM) traded up 1.964% on Tuesday, hitting $14.275. 503,992 shares of the stock were exchanged. The stock’s 50 day moving average price is $13.07 and its 200 day moving average price is $12.53. FormFactor, Inc. has a 52-week low of $8.55 and a 52-week high of $15.58. The firm’s market cap is $1.03 billion.
FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12. The company had revenue of $144 million during the quarter, compared to the consensus estimate of $134.53 million. FormFactor had a positive return on equity of 15.85% and a negative net margin of 1.32%. FormFactor’s revenue was up 73.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Equities research analysts forecast that FormFactor, Inc. will post $1.22 earnings per share for the current year.
A number of research analysts have recently commented on FORM shares. Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Wednesday, August 9th. BidaskClub cut shares of FormFactor from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. B. Riley restated a “buy” rating and issued a $20.00 price target on shares of FormFactor in a report on Tuesday, August 8th. Sidoti restated a “buy” rating and issued a $18.00 price target (up from $15.00) on shares of FormFactor in a report on Wednesday, June 14th. Finally, ValuEngine upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. FormFactor currently has an average rating of “Buy” and a consensus target price of $16.38.
In other FormFactor news, Director Dennis Thomas St sold 285,333 shares of FormFactor stock in a transaction dated 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 completion of the transaction, the director now directly owns 40,666 shares of the company’s stock, valued at approximately $594,130.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.84% of the company’s stock.
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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