157,283 Shares in FormFactor, Inc. (FORM) Acquired by Algert Global LLC

Algert Global LLC purchased a new position in FormFactor, Inc. (NASDAQ:FORM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 157,283 shares of the semiconductor company’s stock, valued at approximately $1,950,000. Algert Global LLC owned approximately 0.22% of FormFactor as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FORM. Vanguard Group Inc. increased its position in FormFactor by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,718,078 shares of the semiconductor company’s stock worth $67,759,000 after buying an additional 240,637 shares in the last quarter. Dimensional Fund Advisors LP increased its position in FormFactor by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,382,642 shares of the semiconductor company’s stock worth $63,783,000 after buying an additional 107,736 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in FormFactor by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,978,099 shares of the semiconductor company’s stock worth $35,290,000 after buying an additional 89,638 shares in the last quarter. Victory Capital Management Inc. increased its position in FormFactor by 1,415.9% in the first quarter. Victory Capital Management Inc. now owns 2,003,210 shares of the semiconductor company’s stock worth $23,738,000 after buying an additional 1,871,060 shares in the last quarter. Finally, Royce & Associates LP increased its position in FormFactor by 1.6% in the first quarter. Royce & Associates LP now owns 1,647,045 shares of the semiconductor company’s stock worth $19,517,000 after buying an additional 26,000 shares in the last quarter. 89.20% of the stock is currently owned by institutional investors.

FormFactor, Inc. (NASDAQ FORM) traded up 2.93% during midday trading on Friday, reaching $14.05. 757,433 shares of the company were exchanged. FormFactor, Inc. has a one year low of $8.55 and a one year high of $15.58. The firm’s market cap is $1.02 billion. The firm’s 50-day moving average is $13.21 and its 200-day moving average is $12.57.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The firm had revenue of $144 million during the quarter, compared to analysts’ expectations of $134.53 million. FormFactor had a negative net margin of 1.32% and a positive return on equity of 15.62%. The business’s quarterly revenue was up 73.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, equities analysts expect that FormFactor, Inc. will post $1.22 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, August 9th. BidaskClub downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of FormFactor in a research note on Tuesday, August 8th. Sidoti reissued a “buy” rating and issued a $18.00 target price (up previously from $15.00) on shares of FormFactor in a research note on Wednesday, June 14th. Finally, ValuEngine raised shares of FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. FormFactor has an average rating of “Buy” and a consensus target price of $16.38.

In related news, Director Dennis Thomas St sold 285,333 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $14.61, for a total transaction of $4,168,715.13. Following the completion of the transaction, the director now directly owns 40,666 shares in the company, valued at approximately $594,130.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.84% of the stock is owned by corporate insiders.

About FormFactor

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.

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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