FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd reduced its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 80.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,346 shares of the semiconductor company's stock after selling 13,947 shares during the quarter. Ausbil Investment Management Ltd's holdings in FormFactor were worth $154,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Riverview Trust Co bought a new stake in FormFactor during the 1st quarter valued at $28,000. Innealta Capital LLC bought a new position in FormFactor during the 2nd quarter worth about $38,000. Redwood Wealth Management Group LLC purchased a new position in FormFactor during the 2nd quarter valued at about $43,000. LRI Investments LLC purchased a new position in FormFactor during the 1st quarter valued at about $70,000. Finally, Covestor Ltd raised its holdings in shares of FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 1,541 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Jorge Titinger sold 6,770 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the transaction, the director now directly owns 12,970 shares in the company, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the transaction, the chief executive officer now directly owns 523,187 shares of the company's stock, valued at $26,645,913.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,770 shares of company stock valued at $854,014 in the last ninety days. Insiders own 0.96% of the company's stock.

FormFactor Stock Performance

Shares of FormFactor stock traded up $0.59 during midday trading on Thursday, hitting $43.72. The company had a trading volume of 403,601 shares, compared to its average volume of 569,533. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 32.88 and a beta of 1.11. FormFactor, Inc. has a 12-month low of $31.51 and a 12-month high of $63.63. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $45.89 and a 200 day simple moving average of $50.69.

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

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.