FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 27.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,723 shares of the semiconductor company’s stock after selling 2,131 shares during the period. Inspire Investing LLC’s holdings in FormFactor were worth $346,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FORM. MQS Management LLC acquired a new stake in FormFactor in the 2nd quarter valued at approximately $218,000. Hsbc Holdings PLC raised its holdings in shares of FormFactor by 27.4% in the 2nd quarter. Hsbc Holdings PLC now owns 18,048 shares of the semiconductor company’s stock valued at $1,099,000 after buying an additional 3,882 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in FormFactor in the 2nd quarter valued at about $204,000. Renaissance Technologies LLC purchased a new stake in FormFactor during the second quarter worth about $13,938,000. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of FormFactor in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

FormFactor Stock Performance

Shares of FORM stock opened at $44.27 on Wednesday. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63. The stock’s 50-day moving average price is $47.70 and its 200 day moving average price is $50.55. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.42 billion, a PE ratio of 33.54 and a beta of 1.11.

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, topping 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 4.18% and a net margin of 17.20%. As a group, equities research analysts forecast that FormFactor, Inc. will post 0.74 EPS for the current year.

Insider Activity

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

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.