FormFactor, Inc. (NASDAQ:FORM) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 21.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,788 shares of the semiconductor company’s stock after selling 32,509 shares during the period. First Eagle Investment Management LLC owned approximately 0.16% of FormFactor worth $7,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC lifted its holdings in shares of FormFactor by 27.4% during the second quarter. Hsbc Holdings PLC now owns 18,048 shares of the semiconductor company’s stock worth $1,099,000 after purchasing an additional 3,882 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in FormFactor during the 2nd quarter worth $204,000. Renaissance Technologies LLC acquired a new position in shares of FormFactor during the second quarter worth about $13,938,000. Redwood Wealth Management Group LLC purchased a new stake in FormFactor in the 2nd quarter valued at approximately $43,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of FormFactor by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 404,518 shares of the semiconductor company’s stock valued at $24,485,000 after buying an additional 2,608 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FORM. DA Davidson boosted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Finally, B. Riley lifted their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.63.

FormFactor Stock Performance

NASDAQ:FORM opened at $44.78 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64. The firm has a market cap of $3.46 billion, a PE ratio of 33.92 and a beta of 1.11. The firm has a 50 day simple moving average of $49.01 and a 200-day simple moving average of $50.53. FormFactor, Inc. has a 1-year low of $31.51 and a 1-year high of $63.63.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The firm had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $195.01 million. On average, equities analysts expect that FormFactor, Inc. will post 0.74 EPS for the current year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $59.00, for a total value of $236,000.00. Following the sale, the chief executive officer now directly owns 487,581 shares of the company’s stock, valued at approximately $28,767,279. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $59.00, for a total transaction of $236,000.00. Following the transaction, the chief executive officer now owns 487,581 shares of the company’s stock, valued at $28,767,279. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,770 shares of company stock worth $908,894. 0.96% of the stock is currently owned by insiders.

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.