Lisanti Capital Growth LLC Decreases Stake in FormFactor, Inc. (NASDAQ:FORM)

Lisanti Capital Growth LLC reduced its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 24.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,795 shares of the semiconductor company’s stock after selling 39,935 shares during the period. FormFactor makes up about 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 18th largest position. Lisanti Capital Growth LLC’s holdings in FormFactor were worth $5,786,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FORM. Riverview Trust Co acquired a new stake in FormFactor in the 1st quarter valued at about $28,000. GAMMA Investing LLC acquired a new stake in FormFactor in the 4th quarter valued at about $55,000. Quadrant Capital Group LLC grew its stake in FormFactor by 19.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 260 shares during the last quarter. SG Americas Securities LLC acquired a new stake in FormFactor in the 1st quarter valued at about $123,000. Finally, Mackenzie Financial Corp acquired a new stake in FormFactor in the 4th quarter valued at about $202,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total transaction of $746,130.38. Following the sale, the director now owns 7,634 shares in the company, valued at $427,656.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Shai Shahar sold 6,094 shares of FormFactor stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.76, for a total transaction of $339,801.44. Following the sale, the chief financial officer now owns 15,669 shares in the company, valued at $873,703.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sheri Rhodes sold 13,319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the sale, the director now directly owns 7,634 shares of the company’s stock, valued at approximately $427,656.68. The disclosure for this sale can be found here. Insiders have sold 37,536 shares of company stock worth $2,075,394 over the last 90 days. Company insiders own 0.96% of the company’s stock.

FormFactor Trading Down 0.1 %

Shares of FORM stock traded down $0.08 during trading hours on Friday, hitting $59.63. 559,817 shares of the company were exchanged, compared to its average volume of 574,486. The firm has a market cap of $4.60 billion, a PE ratio of 45.17 and a beta of 1.11. FormFactor, Inc. has a 1 year low of $29.50 and a 1 year high of $63.63. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $57.80 and a 200 day moving average of $47.87.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $168.73 million for the quarter, compared to analysts’ expectations of $165.45 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. Analysts expect that FormFactor, Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen increased their price objective on shares of FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Needham & Company LLC raised their price target on shares of FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. B. Riley raised their price target on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Craig Hallum raised their price target on shares of FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.30.

FormFactor 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.