Neumeier Poma Investment Counsel LLC Increases Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Neumeier Poma Investment Counsel LLC lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORMFree Report) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,975 shares of the semiconductor company’s stock after purchasing an additional 11,850 shares during the period. Neumeier Poma Investment Counsel LLC owned about 0.51% of FormFactor worth $13,800,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Belpointe Asset Management LLC increased its position in FormFactor by 170.1% during the first quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock worth $35,000 after buying an additional 684 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of FormFactor by 247.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock worth $79,000 after buying an additional 1,771 shares in the last quarter. CWM LLC raised its position in shares of FormFactor by 124.3% in the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 1,530 shares during the last quarter. Captrust Financial Advisors boosted its position in FormFactor by 10.0% during the first quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 281 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in FormFactor by 16.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,690 shares of the semiconductor company’s stock valued at $149,000 after acquiring an additional 962 shares during the last quarter. 93.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price target on shares of FormFactor in a research note on Thursday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, FormFactor has a consensus rating of “Hold” and a consensus target price of $39.80.

Get Our Latest Stock Analysis on FormFactor

Insider Activity at FormFactor

In other news, CFO Shai Shahar sold 16,618 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.49, for a total transaction of $656,244.82. Following the completion of the sale, the chief financial officer now directly owns 77,941 shares in the company, valued at $3,077,890.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Rebeca Obregon-Jimenez sold 8,490 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $37.51, for a total value of $318,459.90. Following the completion of the sale, the director now owns 11,603 shares of the company’s stock, valued at approximately $435,228.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shai Shahar sold 16,618 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.49, for a total transaction of $656,244.82. Following the completion of the sale, the chief financial officer now directly owns 77,941 shares of the company’s stock, valued at $3,077,890.09. The disclosure for this sale can be found here. In the last three months, insiders sold 28,900 shares of company stock valued at $1,119,711. Corporate insiders own 1.03% of the company’s stock.

FormFactor Stock Up 2.2 %

NASDAQ:FORM traded up $0.84 during mid-day trading on Thursday, hitting $38.96. The company had a trading volume of 778,950 shares, compared to its average volume of 413,979. FormFactor, Inc. has a 1 year low of $24.88 and a 1 year high of $45.15. The business has a fifty day simple moving average of $39.82 and a 200-day simple moving average of $36.22. The company has a current ratio of 3.91, a quick ratio of 3.05 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of -423.51 and a beta of 1.17.

FormFactor (NASDAQ:FORMGet Free Report) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a positive return on equity of 1.24% and a negative net margin of 1.09%. Equities analysts forecast that FormFactor, Inc. will post 0.28 earnings per share for the current fiscal year.

FormFactor Profile

(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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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