FormFactor, Inc. (NASDAQ:FORM) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,166,999 shares, a decrease of 16.8% from the April 28th total of 1,402,577 shares. Based on an average daily volume of 1,101,618 shares, the days-to-cover ratio is currently 1.1 days.

In other FormFactor news, Director Dennis Thomas St sold 62,088 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $13.77, for a total value of $854,951.76. Following the completion of the transaction, the director now directly owns 184,933 shares in the company, valued at approximately $2,546,527.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Delateur sold 12,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $11.08, for a total transaction of $132,960.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $110,800. The disclosure for this sale can be found here. Insiders sold a total of 205,350 shares of company stock valued at $2,812,601 over the last 90 days. Company insiders own 2.84% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of FormFactor by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,718,078 shares of the semiconductor company’s stock worth $67,759,000 after buying an additional 240,637 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FormFactor by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,382,642 shares of the semiconductor company’s stock worth $63,783,000 after buying an additional 107,736 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of FormFactor by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,978,099 shares of the semiconductor company’s stock worth $35,290,000 after buying an additional 89,638 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of FormFactor by 1,415.9% in the first quarter. Victory Capital Management Inc. now owns 2,003,210 shares of the semiconductor company’s stock worth $23,738,000 after buying an additional 1,871,060 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of FormFactor by 1.6% in the first quarter. Royce & Associates LP now owns 1,647,045 shares of the semiconductor company’s stock worth $19,517,000 after buying an additional 26,000 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Several research analysts have commented on FORM shares. TheStreet upgraded shares of FormFactor from a “c+” rating to a “b-” rating in a report on Thursday, May 11th. Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, February 17th. B. Riley reaffirmed a “buy” rating and issued a $15.00 target price on shares of FormFactor in a research report on Tuesday, February 14th. Stifel Nicolaus upped their target price on shares of FormFactor from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of FormFactor in a research report on Thursday, February 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. FormFactor currently has an average rating of “Buy” and an average target price of $14.63.

Shares of FormFactor (NASDAQ:FORM) opened at 14.35 on Friday. FormFactor has a 52-week low of $7.13 and a 52-week high of $14.50. The stock has a 50 day moving average of $12.40 and a 200-day moving average of $11.63. The stock has a market capitalization of $1.03 billion, a P/E ratio of 78.85 and a beta of 1.45.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. FormFactor had a positive return on equity of 6.00% and a negative net margin of 1.71%. The business had revenue of $128.80 million for the quarter, compared to analyst estimates of $124.07 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The company’s revenue was up 140.3% on a year-over-year basis. Analysts predict that FormFactor will post $1.02 EPS for the current fiscal year.

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About FormFactor

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.

12 Month Chart for NASDAQ:FORM

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