10,973 Shares in FormFactor, Inc. (NASDAQ:FORM) Acquired by National Bank of Canada FI

National Bank of Canada FI bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,973 shares of the semiconductor company’s stock, valued at approximately $668,000.

Several other institutional investors have also added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of FormFactor in the 4th quarter worth $644,000. Bessemer Group Inc. lifted its position in shares of FormFactor by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock valued at $11,976,000 after buying an additional 17,079 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of FormFactor during the 1st quarter valued at approximately $664,000. Teachers Retirement System of The State of Kentucky increased its holdings in FormFactor by 74.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after acquiring an additional 18,293 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in FormFactor by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after acquiring an additional 15,756 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the transaction, the chief executive officer now directly owns 534,276 shares in the company, valued at $24,742,321.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at $543,961.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the sale, the chief executive officer now directly owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. The disclosure for this sale can be found here. Insiders have sold a total of 18,770 shares of company stock worth $908,894 in the last three months. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FORM shares. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. TD Cowen increased their price target on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. DA Davidson boosted their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st. Finally, B. Riley lifted their target price on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, FormFactor currently has an average rating of “Hold” and an average price target of $59.63.

FormFactor Price Performance

NASDAQ:FORM opened at $42.81 on Friday. The business’s 50-day moving average is $50.51 and its 200 day moving average is $50.45. FormFactor, Inc. has a 12 month low of $31.19 and a 12 month high of $63.63. The company has a market capitalization of $3.30 billion, a P/E ratio of 32.43 and a beta of 1.11. The company has a current ratio of 4.46, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. On average, equities research analysts forecast that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal 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.