17,239 Shares in FormFactor, Inc. (NASDAQ:FORM) Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,239 shares of the semiconductor company’s stock, valued at approximately $1,043,000.

Several other hedge funds have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its stake in shares of FormFactor by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the semiconductor company’s stock valued at $2,349,000 after acquiring an additional 200 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares during the period. Arizona State Retirement System grew its position in shares of FormFactor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 21,724 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 331 shares in the last quarter. CWM LLC increased its holdings in shares of FormFactor by 25.5% during the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 370 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of FormFactor by 21.8% in the second quarter. GAMMA Investing LLC now owns 2,266 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 406 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of recent research reports. B. Riley raised their price objective on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Stifel Nicolaus raised their target price on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. TD Cowen upped their price target on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st. Five research 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 a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor Stock Performance

NASDAQ FORM opened at $41.88 on Friday. The firm’s fifty day moving average price is $52.03 and its two-hundred day moving average price is $50.40. The stock has a market cap of $3.23 billion, a PE ratio of 31.73 and a beta of 1.12. 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 fifty-two week low of $31.19 and a fifty-two week high of $63.63.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating 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 company had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. On average, equities analysts expect that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor 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 directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the company’s 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 sale, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was 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 $26,645,913.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,770 shares of company stock worth $908,894. Insiders own 0.96% of the company’s stock.

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.