Blue Trust Inc. Has $279,000 Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Blue Trust Inc. lowered its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 54.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,068 shares of the semiconductor company’s stock after selling 7,236 shares during the quarter. Blue Trust Inc.’s holdings in FormFactor were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FORM. Innealta Capital LLC bought a new stake in FormFactor during the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC bought a new position in shares of FormFactor in the 2nd quarter valued at about $43,000. LRI Investments LLC bought a new position in shares of FormFactor in the 1st quarter valued at about $70,000. Covestor Ltd boosted its stake in shares of FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of FormFactor by 25.5% in the 2nd quarter. CWM LLC now owns 1,823 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 370 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FORM stock opened at $43.72 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. The company has a market capitalization of $3.38 billion, a P/E ratio of 33.12 and a beta of 1.11. The company’s 50 day moving average price is $45.78 and its two-hundred day moving average price is $50.64. FormFactor, Inc. has a 52 week low of $31.51 and a 52 week high of $63.63.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $195.01 million. On average, analysts expect that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FORM. DA Davidson raised their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research note on Thursday, August 1st. TD Cowen lifted their price objective on shares of FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. 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 note on Tuesday, July 16th. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.63.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction 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 completion of the transaction, the chief executive officer now directly 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 document filed with the SEC, which is available through this hyperlink. In related news, Director Jorge Titinger sold 6,770 shares of the business’s 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 owns 12,970 shares of the company’s stock, valued at $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated 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 directly owns 523,187 shares of the company’s stock, valued at approximately $26,645,913.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,770 shares of company stock valued at $854,014. 0.96% of the stock is owned by corporate 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.