Inspire Investing LLC Raises Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Inspire Investing LLC raised its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 56.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,966 shares of the semiconductor company’s stock after buying an additional 3,243 shares during the quarter. Inspire Investing LLC’s holdings in FormFactor were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP lifted its position in FormFactor by 81.1% during the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock valued at $80,387,000 after acquiring an additional 862,885 shares during the period. Bank of New York Mellon Corp increased its stake in shares of FormFactor by 91.5% during the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after purchasing an additional 612,838 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of FormFactor during the second quarter valued at approximately $15,893,000. Renaissance Technologies LLC bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $13,938,000. Finally, TimesSquare Capital Management LLC grew its stake in shares of FormFactor by 60.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company’s stock worth $27,164,000 after buying an additional 224,075 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling 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 transaction, the chief executive officer now owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the 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 transaction, the chief executive officer now directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction 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 sale, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,770 shares of company stock worth $854,014 in the last three months. 0.96% of the stock is currently owned by company insiders.

FormFactor Trading Up 1.0 %

Shares of FORM stock opened at $44.15 on Friday. 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. The stock has a market capitalization of $3.41 billion, a P/E ratio of 33.45 and a beta of 1.11. The firm’s 50 day moving average is $46.01 and its 200 day moving average is $50.72.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $197.47 million for 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 expect that FormFactor, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FORM shares. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of FormFactor in a report on Thursday, August 1st. DA Davidson increased their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Cowen raised their price objective on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. B. Riley upped their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Stifel Nicolaus raised their price target on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.