Crosslink Capital Inc. raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 12.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,014,365 shares of the semiconductor company’s stock after acquiring an additional 110,310 shares during the quarter. FormFactor makes up 2.0% of Crosslink Capital Inc.’s portfolio, making the stock its 23rd largest holding. Crosslink Capital Inc. owned about 1.40% of FormFactor worth $12,578,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of FORM. Bank of New York Mellon Corp lifted its holdings in shares of FormFactor by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 524,908 shares of the semiconductor company’s stock valued at $6,220,000 after acquiring an additional 15,769 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of FormFactor by 94.1% during the first quarter. UBS Asset Management Americas Inc. now owns 26,578 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 12,883 shares during the period. American International Group Inc. lifted its holdings in shares of FormFactor by 7.1% during the first quarter. American International Group Inc. now owns 42,338 shares of the semiconductor company’s stock valued at $502,000 after acquiring an additional 2,806 shares during the period. Teachers Advisors LLC lifted its holdings in shares of FormFactor by 3.9% during the first quarter. Teachers Advisors LLC now owns 117,395 shares of the semiconductor company’s stock valued at $1,391,000 after acquiring an additional 4,386 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of FormFactor by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,718,078 shares of the semiconductor company’s stock valued at $67,759,000 after acquiring an additional 240,637 shares during the period. 86.55% of the stock is owned by institutional investors.
FormFactor, Inc. (FORM) traded up 0.439% on Thursday, hitting $17.175. The company had a trading volume of 194,720 shares. The firm has a 50-day moving average price of $15.83 and a 200-day moving average price of $13.69. FormFactor, Inc. has a 12-month low of $8.55 and a 12-month high of $17.30. The firm’s market capitalization is $1.25 billion.
FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.12. The company had revenue of $144.00 million for the quarter, compared to analyst estimates of $134.53 million. FormFactor had a positive return on equity of 15.62% and a negative net margin of 1.32%. FormFactor’s quarterly revenue was up 73.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities research analysts anticipate that FormFactor, Inc. will post $1.22 earnings per share for the current fiscal year.
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In related news, CFO Michael M. Ludwig sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.07, for a total value of $140,700.00. Following the sale, the chief financial officer now directly owns 267,977 shares of the company’s stock, valued at $3,770,436.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael W. Zellner sold 3,725 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $15.26, for a total value of $56,843.50. Following the completion of the sale, the director now directly owns 63,000 shares in the company, valued at $961,380. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,725 shares of company stock worth $623,844. 2.84% of the stock is currently owned by insiders.
A number of research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of FormFactor in a report on Tuesday, September 12th. DA Davidson reissued a “buy” rating and set a $20.00 price objective on shares of FormFactor in a report on Thursday, August 31st. B. Riley reissued a “buy” rating and set a $20.00 price objective on shares of FormFactor in a report on Tuesday, August 8th. Zacks Investment Research raised FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a report on Wednesday, August 9th. Finally, Sidoti reissued a “buy” rating and set a $18.00 price objective (up from $15.00) on shares of FormFactor in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.43.
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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