Xponance Inc. Boosts Holdings in FormFactor, Inc. (NASDAQ:FORM)

Xponance Inc. grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,925 shares of the semiconductor company’s stock after acquiring an additional 241 shares during the quarter. Xponance Inc.’s holdings in FormFactor were worth $298,000 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. raised its stake in shares of FormFactor by 7.0% during the first quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock worth $11,976,000 after acquiring an additional 17,079 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of FormFactor during the first quarter worth approximately $664,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of FormFactor by 74.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after purchasing an additional 18,293 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of FormFactor by 16.2% in the first quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after purchasing an additional 15,756 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of FormFactor in the first quarter worth approximately $1,030,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of FormFactor stock opened at $44.17 on Wednesday. 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 firm has a market capitalization of $3.41 billion, a P/E ratio of 33.46 and a beta of 1.11. The business has a fifty day simple moving average of $46.47 and a two-hundred day simple moving average of $50.62. FormFactor, Inc. has a 12 month low of $31.51 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $197.47 million during 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%. On average, equities analysts forecast that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FORM shares. TD Cowen raised their target price on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Stifel Nicolaus raised their target price on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of FormFactor in a report on Thursday, August 1st. Finally, B. Riley lifted their price target on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.63.

Insider Buying and Selling 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 stock was sold at an average price of $50.93, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 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 approximately $26,645,913.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,770 shares of company stock valued at $672,894. 0.96% of the stock is currently owned by company 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.