Tudor Investment Corp ET AL increased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 209.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,737 shares of the semiconductor company’s stock after acquiring an additional 28,237 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.06% of FormFactor worth $518,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of FormFactor by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock valued at $74,045,000 after acquiring an additional 253,323 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of FormFactor by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,382,642 shares of the semiconductor company’s stock valued at $63,783,000 after acquiring an additional 107,736 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of FormFactor by 84.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,001,290 shares of the semiconductor company’s stock valued at $24,816,000 after acquiring an additional 918,160 shares during the period. Alliancebernstein L.P. increased its holdings in shares of FormFactor by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,955,025 shares of the semiconductor company’s stock valued at $24,242,000 after acquiring an additional 32,341 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of FormFactor by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock valued at $20,724,000 after acquiring an additional 78,868 shares during the period. 86.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of FormFactor, Inc. (NASDAQ:FORM) opened at 16.80 on Wednesday. The firm’s 50 day moving average is $15.75 and its 200 day moving average is $13.67. The stock’s market capitalization is $1.22 billion. FormFactor, Inc. has a 12 month low of $8.55 and a 12 month high of $17.30.
FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The firm had revenue of $144.00 million for the quarter, compared to analyst estimates of $134.53 million. FormFactor had a positive return on equity of 15.62% and a negative net margin of 1.32%. The firm’s revenue for the quarter was up 73.3% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. On average, equities analysts predict that FormFactor, Inc. will post $1.22 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price on shares of FormFactor in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of FormFactor in a research report on Thursday, August 3rd. BidaskClub upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Sidoti reiterated a “buy” rating and issued a $18.00 price objective (up from $15.00) on shares of FormFactor in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. FormFactor presently has a consensus rating of “Buy” and an average price target of $17.43.
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In related news, Director Michael W. Zellner sold 3,725 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $15.26, for a total transaction of $56,843.50. Following the completion of the transaction, the director now owns 63,000 shares of the company’s stock, valued at $961,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael M. Ludwig sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.21, for a total value of $426,300.00. Following the transaction, the chief financial officer now directly owns 262,847 shares of the company’s stock, valued at approximately $3,735,055.87. The disclosure for this sale can be found here. Insiders have sold 43,725 shares of company stock worth $623,844 over the last three months. Corporate insiders own 2.84% of the company’s stock.
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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