FormFactor, Inc. (NASDAQ:FORM) Stake Raised by Pier Capital LLC

Pier Capital LLC increased its position in FormFactor, Inc. (NASDAQ:FORM) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,254 shares of the semiconductor company’s stock after buying an additional 28,406 shares during the period. FormFactor accounts for about 1.6% of Pier Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Pier Capital LLC’s holdings in FormFactor were worth $15,203,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of FormFactor by 626.4% in the third quarter. Signaturefd LLC now owns 1,816 shares of the semiconductor company’s stock worth $68,000 after buying an additional 1,566 shares in the last quarter. Parisi Gray Wealth Management bought a new stake in FormFactor during the second quarter worth approximately $102,000. US Bancorp DE increased its stake in FormFactor by 196.8% during the second quarter. US Bancorp DE now owns 2,814 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 1,866 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in FormFactor by 10.4% during the second quarter. Nisa Investment Advisors LLC now owns 5,960 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 560 shares during the last quarter. Finally, Cim Investment Management Inc. bought a new stake in FormFactor during the second quarter worth approximately $236,000. Institutional investors own 90.95% of the company’s stock.

Separately, Needham & Company LLC upped their target price on FormFactor from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $51.86.

Shares of FORM traded up $0.73 during midday trading on Friday, hitting $43.74. 6,265 shares of the company’s stock traded hands, compared to its average volume of 376,072. FormFactor, Inc. has a 1 year low of $32.69 and a 1 year high of $52.39. The firm’s fifty day moving average is $43.27 and its 200-day moving average is $39.32. The company has a current ratio of 3.17, a quick ratio of 2.45 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 43.89 and a beta of 1.32.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, October 27th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. FormFactor had a return on equity of 13.48% and a net margin of 10.15%. The firm had revenue of $189.96 million during the quarter, compared to analyst estimates of $188.51 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that FormFactor, Inc. will post 1.26 EPS for the current year.

In related news, Director Kelley Steven-Waiss sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $43.12, for a total value of $129,360.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 25,000 shares of the company’s stock in a transaction on Friday, November 5th. The shares were sold at an average price of $44.60, for a total value of $1,115,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,374 shares of company stock valued at $1,392,074. Company insiders own 0.94% of the company’s stock.

About FormFactor

FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment comprises of analytical probe solutions for on-wafer probing, board test, and package test.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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