Xponance Inc. Raises Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Xponance Inc. boosted its holdings in FormFactor, Inc. (NASDAQ:FORM) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,925 shares of the semiconductor company’s stock after buying an additional 241 shares during the quarter. Xponance Inc.’s holdings in FormFactor were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of Montreal Can raised its position in FormFactor by 645.5% in the 2nd quarter. Bank of Montreal Can now owns 68,989 shares of the semiconductor company’s stock worth $4,210,000 after buying an additional 59,735 shares during the last quarter. Public Sector Pension Investment Board raised its position in FormFactor by 6.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 169,766 shares of the semiconductor company’s stock worth $10,276,000 after buying an additional 10,207 shares during the last quarter. MQS Management LLC purchased a new position in FormFactor in the 2nd quarter worth about $218,000. Hsbc Holdings PLC raised its position in FormFactor by 27.4% in the 2nd quarter. Hsbc Holdings PLC now owns 18,048 shares of the semiconductor company’s stock worth $1,099,000 after buying an additional 3,882 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in FormFactor in the 2nd quarter worth about $204,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

FORM has been the subject of a number of recent research reports. DA Davidson boosted their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. B. Riley boosted their price target on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Stifel Nicolaus boosted their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, FormFactor has an average rating of “Hold” and a consensus target price of $59.63.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares in the company, valued at approximately $24,742,321.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the sale, the chief executive officer now directly owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 12,970 shares in the company, valued at $543,961.80. The disclosure for this sale can be found here. Insiders sold 14,770 shares of company stock worth $672,894 in the last three months. 0.96% of the stock is owned by company insiders.

FormFactor Trading Down 4.0 %

Shares of NASDAQ:FORM opened at $44.17 on Wednesday. The stock has a 50 day moving average of $46.47 and a 200 day moving average of $50.62. The company has a market cap of $3.41 billion, a PE ratio of 33.46 and a beta of 1.11. 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, Inc. has a 12-month low of $31.51 and a 12-month high of $63.63.

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

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.