MQS Management LLC Takes $218,000 Position in FormFactor, Inc. (NASDAQ:FORM)

MQS Management LLC purchased a new position in FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,607 shares of the semiconductor company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also bought and sold shares of FORM. Wellington Management Group LLP grew its holdings in shares of FormFactor by 81.1% during the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after acquiring an additional 862,885 shares during the period. Bank of New York Mellon Corp grew its stake in FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock worth $77,636,000 after purchasing an additional 612,838 shares during the period. Norges Bank bought a new position in FormFactor in the fourth quarter worth $21,454,000. Renaissance Technologies LLC purchased a new position in FormFactor during the second quarter valued at $13,938,000. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of FormFactor by 60.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company’s stock valued at $27,164,000 after buying an additional 224,075 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $59.00, for a total transaction of $236,000.00. Following the completion of the sale, the chief executive officer now directly owns 487,581 shares in the company, valued at approximately $28,767,279. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the transaction, the chief executive officer now owns 487,581 shares in the company, valued at approximately $28,767,279. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the sale, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,770 shares of company stock valued at $908,894. 0.96% of the stock is owned by company insiders.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $43.94 on Friday. The firm’s 50-day moving average price is $48.40 and its 200-day moving average price is $50.53. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63. The company has a market cap of $3.39 billion, a PE ratio of 33.29 and a beta of 1.11. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FORM shares. B. Riley lifted their price target on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. DA Davidson upped their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen lifted their price objective on FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of FormFactor in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor Company 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.