Dimensional Fund Advisors LP Trims Stake in FormFactor, Inc. (NASDAQ:FORM)

Dimensional Fund Advisors LP cut its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,156,770 shares of the semiconductor company’s stock after selling 248,110 shares during the period. Dimensional Fund Advisors LP owned approximately 2.79% of FormFactor worth $130,548,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in FormFactor by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock valued at $11,976,000 after acquiring an additional 17,079 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in FormFactor in the 1st quarter worth about $664,000. Teachers Retirement System of The State of Kentucky lifted its holdings in FormFactor by 74.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock valued at $1,787,000 after buying an additional 18,293 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in FormFactor by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock valued at $5,160,000 after buying an additional 15,756 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in FormFactor in the 1st quarter valued at about $1,030,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the transaction, the chief executive officer now owns 523,187 shares of the company’s stock, valued at $26,645,913.91. The transaction was disclosed in a filing with the SEC, which is available at this link. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.93, for a total transaction of $203,720.00. Following the completion of the sale, the chief executive officer now owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. The sale was disclosed in a legal filing 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 dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, 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. Insiders sold 18,770 shares of company stock valued at $908,894 in the last three months. 0.96% of the stock is owned by insiders.

FormFactor Stock Performance

Shares of FORM stock opened at $43.94 on Monday. FormFactor, Inc. has a 12-month low of $31.51 and a 12-month high of $63.63. The business’s fifty day simple moving average is $48.40 and its 200-day simple moving average is $50.57. The company has a current ratio of 4.46, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.39 billion, a PE ratio of 33.29 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. Analysts expect that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of FormFactor in a research report on Thursday, August 1st. TD Cowen raised their target price on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. DA Davidson lifted their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.63.

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.