Scientech Research LLC Purchases 3,942 Shares of FormFactor, Inc. (NASDAQ:FORM)

Scientech Research LLC grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 65.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,947 shares of the semiconductor company’s stock after buying an additional 3,942 shares during the period. Scientech Research LLC’s holdings in FormFactor were worth $602,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in FormFactor by 81.1% in the fourth 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in FormFactor by 91.5% in the 2nd 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 in the last quarter. Norges Bank purchased a new stake in FormFactor during the 4th quarter valued at about $21,454,000. Renaissance Technologies LLC bought a new stake in FormFactor during the 2nd quarter valued at about $13,938,000. Finally, TimesSquare Capital Management LLC raised its holdings in FormFactor by 60.4% in the first 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.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $46.30 on Friday. The firm’s 50-day moving average price is $47.06 and its 200-day moving average price is $50.54. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.57 billion, a PE ratio of 35.08 and a beta of 1.11. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results 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. The firm had revenue of $197.47 million for 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.

Insider Buying and Selling

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. 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 firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00. Following the completion of the transaction, the chief executive officer now directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,770 shares of company stock valued at $908,894. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. 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. TD Cowen boosted their price target on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. DA Davidson lifted their price objective on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley boosted their target price on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently 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.