Insider Selling: FormFactor, Inc. (FORM) Director Sells $265,350.00 in Stock
FormFactor, Inc. (NASDAQ:FORM) Director Richard Delateur sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $17.69, for a total value of $265,350.00. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $442,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of FormFactor, Inc. (NASDAQ:FORM) opened at $17.48 on Friday. The firm has a market capitalization of $1,266.28, a P/E ratio of 17.70, a P/E/G ratio of 1.04 and a beta of 1.53. The company has a quick ratio of 2.25, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. FormFactor, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $18.65.
FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $143.74 million for the quarter, compared to analysts’ expectations of $140.83 million. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. analysts expect that FormFactor, Inc. will post 1.04 earnings per share for the current year.
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Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in FormFactor by 8,988.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 137,782 shares of the semiconductor company’s stock valued at $1,708,000 after buying an additional 136,266 shares during the last quarter. Alpha Windward LLC purchased a new position in shares of FormFactor during the 2nd quarter worth $418,000. Schwab Charles Investment Management Inc. lifted its stake in shares of FormFactor by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock worth $4,154,000 after purchasing an additional 20,777 shares during the period. Comerica Bank purchased a new position in shares of FormFactor during the 2nd quarter worth $1,010,000. Finally, Insight Capital Research & Management Inc. purchased a new position in shares of FormFactor during the 2nd quarter worth $368,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.
FORM has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of FormFactor in a research report on Tuesday, September 12th. B. Riley upped their price target on FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. upped their price target on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded 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. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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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