FormFactor, Inc. (NASDAQ:FORM) Short Interest Update

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,810,000 shares, a decline of 13.0% from the September 30th total of 2,080,000 shares. Based on an average trading volume of 665,400 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FORM shares. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Stifel Nicolaus boosted their target price on FormFactor from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Tuesday, July 16th. DA Davidson raised their price target on FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. TD Cowen boosted their price objective on shares of FormFactor from $48.00 to $60.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC reissued a "buy" rating and set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.63.

Insider Transactions at FormFactor

In related news, Director Jorge Titinger sold 6,770 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now owns 12,970 shares of the company's stock, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the company's stock in a transaction that occurred on 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 directly owns 12,970 shares in the company, valued at $543,961.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now directly owns 530,276 shares in the company, valued at $24,010,897.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,770 shares of company stock worth $854,014 over the last three months. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FormFactor

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in FormFactor by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock worth $439,074,000 after acquiring an additional 154,361 shares in the last quarter. Earnest Partners LLC raised its position in shares of FormFactor by 0.6% during the 1st quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company's stock worth $277,942,000 after purchasing an additional 37,781 shares during the last quarter. Hood River Capital Management LLC lifted its stake in FormFactor by 7.2% in the 1st quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company's stock valued at $94,867,000 after buying an additional 140,223 shares in the last quarter. Sei Investments Co. grew its holdings in FormFactor by 5.4% during the 1st quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company's stock valued at $68,156,000 after buying an additional 76,032 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in FormFactor by 91.5% during the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company's stock worth $77,636,000 after buying an additional 612,838 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Up 2.5 %

Shares of FORM traded up $1.10 during mid-day trading on Tuesday, reaching $45.17. The stock had a trading volume of 531,662 shares, compared to its average volume of 567,903. The business's fifty day moving average is $45.46 and its 200 day moving average is $50.68. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 34.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64. FormFactor has a 52-week low of $32.06 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. On average, sell-side analysts predict that FormFactor will post 0.74 EPS for the current fiscal year.

FormFactor Company 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.