Emerald Advisers LLC Has $27.82 Million Stake in FormFactor, Inc. (NASDAQ:FORM)

Emerald Advisers LLC raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 604,724 shares of the semiconductor company's stock after purchasing an additional 56,316 shares during the period. Emerald Advisers LLC owned about 0.78% of FormFactor worth $27,817,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock valued at $439,074,000 after purchasing an additional 154,361 shares during the last quarter. Earnest Partners LLC grew its position in shares of FormFactor by 0.6% during the first quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company's stock worth $277,942,000 after acquiring an additional 37,781 shares during the last quarter. Hood River Capital Management LLC grew its position in shares of FormFactor by 7.2% during the first quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company's stock worth $94,867,000 after acquiring an additional 140,223 shares during the last quarter. Sei Investments Co. grew its position in shares of FormFactor by 5.4% during the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company's stock worth $68,156,000 after acquiring an additional 76,032 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of 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 acquiring an additional 612,838 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

FormFactor Price Performance

FORM stock traded up $0.77 during trading on Friday, hitting $38.75. The company had a trading volume of 979,349 shares, compared to its average volume of 642,076. FormFactor, Inc. has a fifty-two week low of $32.16 and a fifty-two week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 22.27 and a beta of 1.12. The business has a 50 day moving average of $44.84 and a 200 day moving average of $50.55.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 18.29% and a return on equity of 5.38%. The company had revenue of $197.47 million during the quarter, compared to the consensus estimate of $195.01 million. As a group, research analysts predict that FormFactor, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

FORM has been the subject of several recent research reports. Stifel Nicolaus upped their price target on shares of FormFactor from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Tuesday, July 16th. TD Cowen lowered their price target on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday. StockNews.com lowered shares of FormFactor from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Needham & Company LLC lowered their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday. Finally, DA Davidson upped their price objective on shares of FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $55.38.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the sale, the director now directly owns 12,970 shares of the company's stock, valued at approximately $543,961.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total value of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,770 shares of company stock valued at $650,294. 0.96% of the stock is owned by insiders.

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.