Ausbil Investment Management Ltd Lowers Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Ausbil Investment Management Ltd cut its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 80.7% during the third quarter, Holdings Channel reports. The firm owned 3,346 shares of the semiconductor company’s stock after selling 13,947 shares during the quarter. Ausbil Investment Management Ltd’s holdings in FormFactor were worth $154,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after purchasing an additional 612,838 shares during the period. Driehaus Capital Management LLC acquired a new stake in FormFactor in the 2nd quarter valued at about $15,893,000. Renaissance Technologies LLC purchased a new position in shares of FormFactor in the 2nd quarter valued at about $13,938,000. TimesSquare Capital Management LLC grew its position in shares of FormFactor by 60.4% during the first quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company’s stock worth $27,164,000 after buying an additional 224,075 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FORM shares. Stifel Nicolaus lifted their price target on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen increased their target price on FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of FormFactor in a report on Thursday, August 1st. Finally, DA Davidson increased their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, FormFactor has an average rating of “Hold” and an average target price of $59.63.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the transaction, the chief executive officer now owns 530,276 shares of the company’s stock, 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. Insiders have sold a total of 18,770 shares of company stock valued at $854,014 over the last quarter. 0.96% of the stock is currently owned by insiders.

FormFactor Stock Performance

NASDAQ FORM traded up $0.27 on Thursday, reaching $43.40. The stock had a trading volume of 112,759 shares, compared to its average volume of 568,056. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. The stock has a market cap of $3.35 billion, a P/E ratio of 32.67 and a beta of 1.11. The business’s 50-day moving average price is $45.89 and its 200 day moving average price is $50.69. FormFactor, Inc. has a 12-month low of $31.51 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. As a group, equities analysts expect that FormFactor, Inc. will post 0.74 earnings per share for the current year.

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.