Bourgeon Capital Management LLC Has $186,000 Stake in FormFactor, Inc. (NASDAQ:FORM)
Bourgeon Capital Management LLC boosted its position in FormFactor, Inc. (NASDAQ:FORM) by 50.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,000 shares of the semiconductor company’s stock after buying an additional 5,000 shares during the period. Bourgeon Capital Management LLC’s holdings in FormFactor were worth $186,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of FormFactor during the fourth quarter worth about $8,524,000. Teachers Advisors LLC raised its position in shares of FormFactor by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 113,009 shares of the semiconductor company’s stock worth $1,266,000 after buying an additional 2,273 shares during the period. Bank of Montreal Can raised its position in shares of FormFactor by 4.9% in the first quarter. Bank of Montreal Can now owns 19,378 shares of the semiconductor company’s stock worth $229,000 after buying an additional 901 shares during the period. Columbus Circle Investors acquired a new position in shares of FormFactor during the first quarter worth about $1,317,000. Finally, Fisher Asset Management LLC raised its position in shares of FormFactor by 50.7% in the first quarter. Fisher Asset Management LLC now owns 286,532 shares of the semiconductor company’s stock worth $3,395,000 after buying an additional 96,336 shares during the period. 89.36% of the stock is currently owned by institutional investors and hedge funds.
FormFactor, Inc. (FORM) opened at 13.65 on Friday. FormFactor, Inc. has a one year low of $8.55 and a one year high of $15.58. The stock’s market cap is $985.52 million. The firm has a 50-day moving average price of $13.04 and a 200-day moving average price of $12.52.
FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.12. FormFactor had a positive return on equity of 15.85% and a negative net margin of 1.32%. The firm had revenue of $144 million for the quarter, compared to the consensus estimate of $134.53 million. During the same period in the prior year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 73.3% compared to the same quarter last year. On average, equities analysts predict that FormFactor, Inc. will post $1.22 earnings per share for the current year.
FORM has been the topic of a number of recent analyst reports. TheStreet upgraded FormFactor from a “c+” rating to a “b-” rating in a research report on Thursday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of FormFactor in a research report on Monday, May 1st. Zacks Investment Research upgraded FormFactor from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, May 8th. BidaskClub lowered FormFactor from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, ValuEngine upgraded FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two 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. The stock currently has an average rating of “Buy” and an average target price of $16.38.
In related news, Director Richard Delateur sold 45,262 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $14.08, for a total transaction of $637,288.96. Following the transaction, the director now directly owns 55,262 shares in the company, valued at $778,088.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis Thomas St sold 285,333 shares of the 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 transaction, the director now owns 40,666 shares in the company, valued at $594,130.26. The disclosure for this sale can be found here. Insiders have sold 336,995 shares of company stock worth $4,894,976 over the last quarter. 2.84% of the stock is currently owned by company insiders.
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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