Short Interest in FormFactor, Inc. (NASDAQ:FORM) Expands By 12.1%

FormFactor, Inc. (NASDAQ:FORMGet Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 3,600,000 shares, a growth of 12.1% from the December 15th total of 3,210,000 shares. Approximately 4.7% of the company’s stock are short sold. Based on an average daily volume of 800,200 shares, the days-to-cover ratio is currently 4.5 days.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the transaction, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently modified their holdings of FORM. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Quarry LP raised its stake in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares during the period. CWM LLC boosted its holdings in shares of FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after buying an additional 1,044 shares during the last quarter. GAMMA Investing LLC grew its position in FormFactor by 49.6% during the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 1,123 shares during the period. Finally, US Bancorp DE increased its holdings in FormFactor by 55.9% during the third quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock worth $156,000 after buying an additional 1,219 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Up 0.6 %

FORM stock traded up $0.24 during trading on Friday, reaching $43.46. The stock had a trading volume of 430,127 shares, compared to its average volume of 972,146. FormFactor has a one year low of $37.25 and a one year high of $63.63. The company’s 50 day moving average is $42.77 and its two-hundred day moving average is $46.22. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.98 and a beta of 1.08.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FORM shares. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and an average target price of $56.00.

View Our Latest Stock Report on FormFactor

FormFactor Company Profile

(Get Free Report)

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.

Further Reading

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