Sheri Rhodes Sells 13,319 Shares of FormFactor, Inc. (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes sold 13,319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total value of $746,130.38. Following the sale, the director now directly owns 7,634 shares of the company’s stock, valued at $427,656.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

FormFactor Trading Up 0.9 %

FORM opened at $56.65 on Friday. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 42.92 and a beta of 1.15. FormFactor, Inc. has a 12 month low of $27.96 and a 12 month high of $57.24. The stock has a fifty day moving average price of $45.44 and a 200-day moving average price of $41.19.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The business had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million. As a group, equities research analysts anticipate that FormFactor, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FORM shares. B. Riley lifted their target price on FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. TD Cowen boosted their price objective on shares of FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Craig Hallum upped their target price on shares of FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Evercore ISI assumed coverage on shares of FormFactor in a research note on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target for the company. Finally, TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, FormFactor presently has an average rating of “Hold” and an average target price of $47.30.

Hedge Funds Weigh In On FormFactor

Institutional investors and hedge funds have recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of FormFactor during the 1st quarter valued at $28,000. GAMMA Investing LLC purchased a new stake in FormFactor in the fourth quarter valued at about $55,000. Quadrant Capital Group LLC boosted its holdings in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of FormFactor during the third quarter worth about $70,000. Finally, SG Americas Securities LLC acquired a new position in shares of FormFactor during the first quarter valued at about $123,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.