Cwm LLC Acquires 1,044 Shares of FormFactor, Inc. (NASDAQ:FORM)

Cwm LLC boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 57.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,867 shares of the semiconductor company’s stock after buying an additional 1,044 shares during the quarter. Cwm LLC’s holdings in FormFactor were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of FormFactor by 49.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after buying an additional 1,123 shares during the last quarter. Mirador Capital Partners LP increased its holdings in FormFactor by 0.6% in the 3rd quarter. Mirador Capital Partners LP now owns 110,037 shares of the semiconductor company’s stock valued at $5,062,000 after buying an additional 672 shares during the period. SG Americas Securities LLC lifted its stake in FormFactor by 487.7% during the third quarter. SG Americas Securities LLC now owns 9,756 shares of the semiconductor company’s stock worth $449,000 after purchasing an additional 8,096 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of FormFactor in the second quarter worth about $1,104,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of FormFactor by 6.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 44,395 shares of the semiconductor company’s stock valued at $2,687,000 after acquiring an additional 2,656 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the transaction, the chief executive officer now directly owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction dated 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 transaction, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares in the company, valued at approximately $26,645,913.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,770 shares of company stock worth $854,014 in the last 90 days. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of FormFactor in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. TD Cowen upped 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. Finally, DA Davidson upped their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating 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 MarketBeat, FormFactor currently has a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor Trading Up 1.4 %

Shares of FormFactor stock opened at $43.72 on Friday. The company has a 50 day simple moving average of $45.78 and a two-hundred day simple moving average of $50.64. FormFactor, Inc. has a 1 year low of $31.51 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64. The firm has a market cap of $3.38 billion, a PE ratio of 33.12 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. The firm had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. Analysts expect that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal 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.