Bank of Montreal Can Acquires 59,735 Shares of FormFactor, Inc. (NASDAQ:FORM)

Bank of Montreal Can grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 645.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,989 shares of the semiconductor company’s stock after purchasing an additional 59,735 shares during the period. Bank of Montreal Can owned approximately 0.09% of FormFactor worth $4,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FORM. Riverview Trust Co acquired a new stake in FormFactor in the first quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in shares of FormFactor in the 2nd quarter valued at approximately $38,000. Redwood Wealth Management Group LLC bought a new stake in shares of FormFactor during the 2nd quarter valued at approximately $43,000. LRI Investments LLC acquired a new position in FormFactor during the 1st quarter worth approximately $70,000. Finally, Covestor Ltd lifted its stake in FormFactor by 3,951.3% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded 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 set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. B. Riley upped 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. TD Cowen lifted their target price on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, DA Davidson boosted their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.63.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the sale, the chief executive officer now directly owns 523,187 shares in the company, valued at $26,645,913.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 523,187 shares in the company, valued at $26,645,913.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge Titinger sold 6,770 shares of FormFactor 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 completion of the sale, the director now directly owns 12,970 shares of the company’s stock, valued at $543,961.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,770 shares of company stock worth $672,894 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

FormFactor Stock Down 4.0 %

Shares of NASDAQ FORM opened at $44.17 on Wednesday. The company’s 50 day moving average price is $46.47 and its 200-day moving average price is $50.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63. The company has a market capitalization of $3.41 billion, a P/E ratio of 33.46 and a beta of 1.11.

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

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.