FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Hood River Capital Management LLC

Hood River Capital Management LLC trimmed its position in FormFactor, Inc. (NASDAQ:FORM) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,784,553 shares of the semiconductor company’s stock after selling 294,499 shares during the period. FormFactor accounts for approximately 2.2% of Hood River Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Hood River Capital Management LLC owned about 2.31% of FormFactor worth $108,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of FormFactor by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after buying an additional 154,361 shares during the period. Earnest Partners LLC lifted its holdings in FormFactor by 0.6% in the first quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock valued at $277,942,000 after acquiring an additional 37,781 shares during the period. Wellington Management Group LLP boosted its position in FormFactor by 81.1% in the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after purchasing an additional 862,885 shares in the last quarter. Sei Investments Co. grew its stake in shares of FormFactor by 5.4% during the 1st quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock worth $68,156,000 after purchasing an additional 76,032 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after purchasing an additional 612,838 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’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 completion of the sale, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related 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 completion of the transaction, the chief executive officer now owns 487,581 shares of the company’s stock, valued at approximately $28,767,279. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction that occurred 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 sale, the director now 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 three months, insiders have sold 18,770 shares of company stock worth $908,894. Insiders own 0.96% of the company’s stock.

FormFactor Trading Down 1.9 %

Shares of FORM stock opened at $43.94 on Monday. The company has a current ratio of 4.46, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $31.51 and a twelve month high of $63.63. The company’s 50-day moving average price is $48.40 and its 200-day moving average price is $50.57. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 33.29 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating 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 company had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. As a group, equities analysts predict that FormFactor, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FORM shares. DA Davidson increased their price target 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 reaffirmed 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 FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus lifted their target price 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. Finally, TD Cowen increased 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.63.

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.