FormFactor, Inc. (NASDAQ:FORM) Short Interest Update

FormFactor, Inc. (NASDAQ:FORM) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,280,000 shares, an increase of 26.0% from the October 15th total of 1,810,000 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average trading volume of 602,700 shares, the short-interest ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. DA Davidson raised their price objective on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC decreased their price target on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and a consensus price target of $55.38.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the 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 transaction, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after purchasing an additional 73,982 shares during the last quarter. Barclays PLC lifted its position in FormFactor by 351.9% during the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after buying an additional 113,296 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in FormFactor during the 3rd quarter worth about $550,000. Main Management ETF Advisors LLC acquired a new stake in FormFactor in the 3rd quarter valued at about $750,000. Finally, XTX Topco Ltd bought a new position in shares of FormFactor in the third quarter worth about $503,000. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Performance

NASDAQ FORM opened at $37.80 on Friday. FormFactor has a 1-year low of $36.11 and a 1-year high of $63.63. The company has a 50 day moving average of $43.55 and a 200-day moving average of $50.39. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 21.72 and a beta of 1.12.

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.