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

FormFactor, Inc. (NASDAQ:FORM) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,600,000 shares, an increase of 12.1% from the December 15th total of 3,210,000 shares. Based on an average daily volume of 800,200 shares, the short-interest ratio is presently 4.5 days. Approximately 4.7% of the shares of the stock are sold short.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Large investors have recently modified their holdings of the company. Mirador Capital Partners LP boosted its position in FormFactor by 0.7% during the fourth quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company’s stock valued at $4,874,000 after acquiring an additional 739 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of FormFactor by 19.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company’s stock valued at $11,040,000 after purchasing an additional 40,612 shares in the last quarter. Reinhart Partners LLC. grew its stake in FormFactor by 4.4% during the fourth quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock worth $19,510,000 after purchasing an additional 18,561 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 972 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in FormFactor by 5.1% in the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after buying an additional 18,810 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FORM. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. TD Cowen dropped their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Needham & Company LLC lowered FormFactor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, FormFactor has a consensus rating of “Hold” and a consensus price target of $56.00.

FormFactor Trading Up 0.6 %

NASDAQ:FORM traded up $0.24 during trading hours on Friday, hitting $43.46. 430,127 shares of the company were exchanged, compared to its average volume of 972,146. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.98 and a beta of 1.08. FormFactor has a one year low of $37.25 and a one year high of $63.63. The company has a fifty day simple moving average of $42.77 and a 200 day simple moving average of $46.22. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

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.