Choreo LLC Makes New $293,000 Investment in FormFactor, Inc. (NASDAQ:FORM)

Choreo LLC acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,815 shares of the semiconductor company’s stock, valued at approximately $293,000.

Other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new position in FormFactor during the 1st quarter valued at approximately $28,000. Innealta Capital LLC purchased a new position in shares of FormFactor during the second quarter valued at about $38,000. Quadrant Capital Group LLC grew its holdings in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares during the period. LRI Investments LLC purchased a new position in shares of FormFactor in the 1st quarter valued at approximately $70,000. Finally, Covestor Ltd boosted its position in shares of FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $283,933.80. Following the transaction, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the sale, the chief executive officer now directly owns 523,187 shares of the company’s stock, valued at $26,645,913.91. The disclosure for this sale can be found here. Insiders have sold a total of 18,770 shares of company stock worth $908,894 over the last quarter. Company insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

Shares of FORM opened at $43.14 on Wednesday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 32.77 and a beta of 1.11. The business’s fifty day simple moving average is $49.76 and its two-hundred day simple moving average is $50.58. FormFactor, Inc. has a 12 month low of $31.47 and a 12 month high of $63.63. The company has a current ratio of 4.46, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. Research analysts anticipate that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on FORM. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. TD Cowen upped their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. DA Davidson raised 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. Stifel Nicolaus boosted their price target on FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Finally, B. Riley lifted their price objective on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Hold” and a consensus price target of $59.63.

About FormFactor

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.