FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Cwm LLC

Cwm LLC cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,949 shares of the semiconductor company’s stock after selling 812 shares during the quarter. Cwm LLC’s holdings in FormFactor were worth $81,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in FormFactor during the 3rd quarter valued at approximately $70,000. Mackenzie Financial Corp purchased a new position in FormFactor in the 4th quarter valued at $202,000. O Shaughnessy Asset Management LLC acquired a new position in FormFactor in the 3rd quarter valued at $207,000. Ausbil Investment Management Ltd purchased a new position in FormFactor during the 4th quarter worth $208,000. Finally, Blue Trust Inc. boosted its holdings in shares of FormFactor by 18.5% in the fourth quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 824 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Trading Up 1.4 %

Shares of FormFactor stock opened at $56.03 on Wednesday. The business has a 50 day moving average price of $44.87 and a 200 day moving average price of $40.98. The company has a market capitalization of $4.35 billion, a P/E ratio of 42.45 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67. FormFactor, Inc. has a 1 year low of $27.46 and a 1 year high of $56.98.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $168.16 million during the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. Sell-side analysts anticipate that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FORM has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of FormFactor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. B. Riley boosted their target price on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Citigroup boosted their price objective on shares of FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Six research 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 has a consensus rating of “Hold” and a consensus price target of $47.30.

Insider Activity at FormFactor

In other FormFactor news, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the sale, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares of the company’s stock, valued at approximately $2,827,978.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,000 shares of company stock valued at $1,398,580. 0.96% of the stock is owned by insiders.

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.