Dennis Thomas St Sells 2,000 Shares of FormFactor (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) Director Dennis Thomas St sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $49.85, for a total transaction of $99,700.00. Following the transaction, the director directly owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. This trade represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FormFactor Price Performance

FORM stock opened at $48.68 on Wednesday. The stock’s 50 day moving average price is $42.41 and its 200 day moving average price is $35.65. The firm has a market cap of $3.77 billion, a P/E ratio of 93.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $61.10.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of analyst reports. Stifel Nicolaus set a $42.00 price objective on FormFactor in a research note on Thursday, October 30th. Zacks Research upgraded shares of FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Cowen reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, October 30th. TD Cowen boosted their price objective on shares of FormFactor from $35.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Finally, B. Riley reissued a “buy” rating on shares of FormFactor in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $53.13.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in shares of FormFactor by 170.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock valued at $72,069,000 after buying an additional 1,319,345 shares during the period. Westfield Capital Management Co. LP acquired a new position in FormFactor in the third quarter valued at $37,391,000. Shannon River Fund Management LLC purchased a new stake in FormFactor during the third quarter valued at about $35,260,000. Reinhart Partners LLC. increased its stake in FormFactor by 64.8% during the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the last quarter. Finally, Channing Capital Management LLC acquired a new stake in FormFactor during the third quarter worth about $16,909,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.