FormFactor, Inc. (NASDAQ:FORM) Director Edward Rogas, Jr. sold 6,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $13.90, for a total transaction of $83,400.00. Following the completion of the transaction, the director now owns 56,000 shares of the company’s stock, valued at $778,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
FormFactor, Inc. (NASDAQ:FORM) traded up 0.38% during trading on Friday, hitting $13.25. 1,051,019 shares of the stock traded hands. The company’s 50 day moving average price is $12.05 and its 200 day moving average price is $11.45. The company has a market cap of $955.60 million, a P/E ratio of 72.80 and a beta of 1.45. FormFactor, Inc. has a 12 month low of $6.56 and a 12 month high of $14.40.
FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. FormFactor had a positive return on equity of 6.00% and a negative net margin of 1.71%. The business had revenue of $128.80 million for the quarter, compared to analyst estimates of $124.07 million. During the same quarter last year, the company earned ($0.11) EPS. The business’s quarterly revenue was up 140.3% on a year-over-year basis. On average, equities research analysts anticipate that FormFactor, Inc. will post $1.02 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of FormFactor by 8.5% in the third quarter. Sei Investments Co. now owns 9,250 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 724 shares during the period. Bourgeon Capital Management LLC acquired a new stake in shares of FormFactor during the first quarter valued at $118,000. Suntrust Banks Inc. acquired a new stake in shares of FormFactor during the first quarter valued at $122,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of FormFactor during the first quarter valued at $158,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of FormFactor during the first quarter valued at $160,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on FORM. B. Riley reiterated a “buy” rating and issued a $15.00 target price on shares of FormFactor in a report on Tuesday, February 14th. TheStreet upgraded shares of FormFactor from a “c+” rating to a “b-” rating in a report on Thursday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of FormFactor in a report on Monday, May 1st. Zacks Investment Research downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, Sidoti began coverage on shares of FormFactor in a report on Friday, March 10th. They issued a “buy” rating and a $15.00 target price for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. FormFactor has an average rating of “Buy” and an average price target of $14.63.
FormFactor Company Profile
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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