FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 31,478 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the period. Redmond Asset Management LLC’s holdings in FormFactor were worth $493,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FORM. FMR LLC grew its holdings in FormFactor by 261,685.1% during the 1st quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock valued at $16,427,000 after buying an additional 1,020,572 shares during the last quarter. Norges Bank acquired a new stake in FormFactor during the 4th quarter valued at $13,721,000. First Trust Advisors LP acquired a new stake in FormFactor during the 2nd quarter valued at $2,300,000. Dimensional Fund Advisors LP grew its holdings in FormFactor by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock valued at $76,315,000 after buying an additional 128,782 shares during the last quarter. Finally, GYL Financial Synergies LLC acquired a new stake in FormFactor during the 1st quarter valued at $848,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Shares of FORM traded down $0.03 during trading hours on Thursday, hitting $16.74. The stock had a trading volume of 3,641 shares, compared to its average volume of 287,633. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.57 and a current ratio of 3.38. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 21.71 and a beta of 1.69. The stock has a fifty day simple moving average of $16.15. FormFactor, Inc. has a 12-month low of $11.38 and a 12-month high of $19.90.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $134.65 million. FormFactor had a return on equity of 9.73% and a net margin of 19.27%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. As a group, sell-side analysts expect that FormFactor, Inc. will post 0.63 EPS for the current year.

In other FormFactor news, Director Raymond A. Link sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $15.58, for a total value of $62,320.00. Following the transaction, the director now directly owns 49,602 shares of the company’s stock, valued at $772,799.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond A. Link sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $15.39, for a total value of $76,950.00. Following the completion of the transaction, the director now directly owns 56,602 shares in the company, valued at $871,104.78. The disclosure for this sale can be found here. Insiders sold a total of 10,200 shares of company stock worth $158,074 over the last ninety days. Corporate insiders own 1.88% of the company’s stock.

FORM has been the topic of a number of recent analyst reports. BidaskClub raised FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price target on FormFactor from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC initiated coverage on FormFactor in a research note on Monday, June 10th. They set a “buy” rating and a $19.00 price target on the stock. Northland Securities lowered FormFactor from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $16.50 to $18.00 in a research note on Thursday, May 2nd. Finally, Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating and set a $19.00 target price on the stock. in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.71.

FormFactor Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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