FormFactor, Inc. (NASDAQ:FORM) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 2.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 44,173 shares of the semiconductor company’s stock after selling 1,135 shares during the quarter. State of Alaska Department of Revenue’s holdings in FormFactor were worth $2,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FORM. Innealta Capital LLC bought a new stake in shares of FormFactor in the second quarter worth $38,000. Redwood Wealth Management Group LLC bought a new position in shares of FormFactor during the second quarter worth about $43,000. LRI Investments LLC acquired a new position in FormFactor in the first quarter worth about $70,000. Covestor Ltd increased its holdings in FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 1,541 shares during the last quarter. Finally, CWM LLC raised its stake in FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the sale, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,770 shares of company stock valued at $650,294. 0.96% of the stock is owned by corporate insiders.

FormFactor Price Performance

Shares of FORM opened at $38.75 on Friday. FormFactor, Inc. has a one year low of $32.16 and a one year high of $63.63. The stock’s fifty day moving average is $44.84 and its 200-day moving average is $50.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 22.27 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 18.29% and a return on equity of 5.42%. The business had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. Equities analysts anticipate that FormFactor, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FORM shares. TD Cowen decreased their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday. DA Davidson boosted their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reduced their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Stifel Nicolaus raised their target price on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.38.

FormFactor Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.