Emerald Advisers LLC Purchases 56,316 Shares of FormFactor, Inc. (NASDAQ:FORM)

Emerald Advisers LLC boosted its position in FormFactor, Inc. (NASDAQ:FORM) by 10.3% during the third quarter, Holdings Channel.com reports. The fund owned 604,724 shares of the semiconductor company’s stock after acquiring an additional 56,316 shares during the period. Emerald Advisers LLC’s holdings in FormFactor were worth $27,817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of FormFactor by 5.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 338,999 shares of the semiconductor company’s stock worth $15,469,000 after purchasing an additional 18,375 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of FormFactor by 1.9% during the first quarter. BNP Paribas Financial Markets now owns 69,174 shares of the semiconductor company’s stock valued at $3,156,000 after buying an additional 1,319 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of FormFactor by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock valued at $317,000 after acquiring an additional 1,151 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in FormFactor in the first quarter worth $1,030,000. Finally, Texas Permanent School Fund Corp lifted its stake in FormFactor by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 68,126 shares of the semiconductor company’s stock worth $3,109,000 after acquiring an additional 881 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Up 2.0 %

FORM stock traded up $0.77 on Friday, reaching $38.75. 979,349 shares of the company traded hands, compared to its average volume of 642,076. The firm has a fifty day simple moving average of $44.84 and a 200-day simple moving average of $50.50. The company has a market cap of $3.00 billion, a P/E ratio of 22.27 and a beta of 1.12. FormFactor, Inc. has a one year low of $32.16 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.64.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results 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. The firm had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a return on equity of 5.38% and a net margin of 18.29%. Research analysts anticipate that FormFactor, Inc. will post 0.73 earnings per share for the current year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the sale, the chief executive officer now directly owns 534,276 shares in the company, valued at approximately $24,742,321.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the business’s 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 completion of the transaction, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,770 shares of company stock valued at $650,294. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen decreased their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus lifted their price objective on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. DA Davidson raised their target price on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC reduced their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.38.

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.