FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,405 shares of the semiconductor company’s stock after acquiring an additional 22,784 shares during the period. Millennium Management LLC owned about 0.18% of FormFactor worth $8,620,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FORM. Riverview Trust Co acquired a new stake in shares of FormFactor during the first quarter worth about $28,000. Innealta Capital LLC purchased a new stake in FormFactor during the 2nd quarter worth approximately $38,000. Redwood Wealth Management Group LLC acquired a new stake in FormFactor during the 2nd quarter worth approximately $43,000. LRI Investments LLC purchased a new position in FormFactor in the 1st quarter valued at approximately $70,000. Finally, Covestor Ltd grew its stake in shares of FormFactor by 3,951.3% in the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,541 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of FormFactor in a report on Thursday, August 1st. DA Davidson upped their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. B. Riley lifted their price target on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. TD Cowen increased their price objective 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. Finally, Stifel Nicolaus lifted their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and a consensus price target of $59.63.

FormFactor Stock Up 0.5 %

Shares of NASDAQ:FORM opened at $46.47 on Wednesday. The firm has a 50 day simple moving average of $45.79 and a 200-day simple moving average of $50.73. FormFactor, Inc. has a twelve month low of $31.51 and a twelve month high of $63.63. 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 capitalization of $3.59 billion, a PE ratio of 35.20 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. On average, equities analysts predict that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred 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 transaction, the chief executive officer now owns 523,187 shares of the company’s stock, valued at $26,645,913.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the transaction, the chief executive officer now directly owns 523,187 shares in the company, valued at approximately $26,645,913.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,770 shares of company stock valued at $854,014 in the last three months. 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.