FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP increased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,761 shares of the semiconductor company’s stock after buying an additional 3,436 shares during the period. FormFactor accounts for 1.1% of Mirador Capital Partners LP’s holdings, making the stock its 18th biggest position. Mirador Capital Partners LP owned about 0.17% of FormFactor worth $6,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FORM. Quadrant Capital Group LLC lifted its position in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 260 shares in the last quarter. GAMMA Investing LLC lifted its stake in FormFactor by 30.4% in the 1st quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock valued at $85,000 after buying an additional 434 shares in the last quarter. Riverview Trust Co acquired a new stake in FormFactor in the 1st quarter worth about $28,000. Blue Trust Inc. increased its stake in FormFactor by 18.5% during the 4th quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock worth $220,000 after buying an additional 824 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of FormFactor by 3.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 46,933 shares of the semiconductor company’s stock valued at $1,958,000 after acquiring an additional 1,631 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other news, Director Sheri Rhodes sold 13,319 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the sale, the director now owns 7,634 shares in the company, valued at $427,656.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other FormFactor news, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total value of $746,130.38. Following the sale, the director now owns 7,634 shares of the company’s stock, valued at approximately $427,656.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total value of $175,000.00. Following the transaction, the chief executive officer now directly owns 491,781 shares of the company’s stock, valued at $21,515,418.75. The disclosure for this sale can be found here. Insiders sold a total of 33,536 shares of company stock valued at $1,839,394 in the last ninety days. Insiders own 0.96% of the company’s stock.

FormFactor Stock Down 4.0 %

FORM stock traded down $2.42 during trading on Monday, hitting $58.11. 46,537 shares of the company’s stock were exchanged, compared to its average volume of 519,362. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 45.86 and a beta of 1.11. FormFactor, Inc. has a 52-week low of $29.50 and a 52-week high of $62.68. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $54.58 and a two-hundred day moving average price of $46.51.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The company had revenue of $168.73 million during the quarter, compared to analyst estimates of $165.45 million. As a group, equities research analysts expect that FormFactor, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FORM. TD Cowen lifted their price target on FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Needham & Company LLC increased their target price on shares of FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Evercore ISI began coverage on shares of FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target on the stock. Citigroup increased their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Craig Hallum increased their price target on FormFactor from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and a consensus price target of $49.30.

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.