Blue Trust Inc. Has $279,000 Stake in FormFactor, Inc. (NASDAQ:FORM)

Blue Trust Inc. lowered its position in FormFactor, Inc. (NASDAQ:FORM) by 54.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,068 shares of the semiconductor company’s stock after selling 7,236 shares during the quarter. Blue Trust Inc.’s holdings in FormFactor were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FORM. Bessemer Group Inc. raised its holdings in FormFactor by 7.0% during the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock worth $11,976,000 after buying an additional 17,079 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of FormFactor during the 1st quarter valued at about $664,000. Russell Investments Group Ltd. boosted its position in shares of FormFactor by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock valued at $5,160,000 after acquiring an additional 15,756 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of FormFactor during the 1st quarter valued at about $1,030,000. Finally, Sei Investments Co. lifted its position in FormFactor by 5.4% in the 1st quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock worth $68,156,000 after buying an additional 76,032 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction 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 transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,770 shares of company stock worth $854,014 in the last quarter. 0.96% of the stock is owned by corporate insiders.

FormFactor Stock Performance

Shares of FORM opened at $43.72 on Friday. 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 business has a 50-day simple moving average of $45.78 and a two-hundred day simple moving average of $50.64. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 33.12 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 released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (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 during the quarter, compared to analysts’ expectations of $195.01 million. On average, analysts expect that FormFactor, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on FORM. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Stifel Nicolaus boosted their target price on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. DA Davidson upped their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. Finally, TD Cowen increased their target price on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor 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.