FormFactor, Inc. (NASDAQ:FORM) Short Interest Update

FormFactor, Inc. (NASDAQ:FORM) was the target of a significant growth in short interest in the month of 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 shares of the company are sold short. Based on an average trading volume of 800,200 shares, the days-to-cover ratio is presently 4.5 days.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. Mirador Capital Partners LP boosted its stake in FormFactor by 0.7% in the 4th quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company’s stock worth $4,874,000 after buying an additional 739 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in FormFactor by 19.3% in the fourth 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 during the period. Reinhart Partners LLC. grew its stake in shares of FormFactor by 4.4% during the 4th quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock valued at $19,510,000 after buying an additional 18,561 shares during the period. Wealth Enhancement Advisory Services LLC boosted 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 valued at $362,000 after acquiring an additional 972 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of FormFactor by 5.1% in the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock worth $18,940,000 after purchasing an additional 18,810 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of recent research reports. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.00.

FormFactor Price Performance

NASDAQ:FORM traded up $0.24 during trading hours on Monday, reaching $43.46. 430,127 shares of the company traded hands, compared to its average volume of 972,146. FormFactor has a 1-year low of $37.25 and a 1-year high of $63.63. The stock has a market cap of $3.37 billion, a P/E ratio of 24.98 and a beta of 1.08. The firm’s 50-day moving average is $42.77 and its 200-day moving average is $46.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

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.