Bayesian Capital Management LP Takes $232,000 Position in FormFactor, Inc. (NASDAQ:FORM)

Bayesian Capital Management LP bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,081 shares of the semiconductor company’s stock, valued at approximately $232,000.

A number of other large investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of FormFactor by 19.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC lifted its position in FormFactor by 30.4% during the 1st quarter. GAMMA Investing LLC now owns 1,860 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 434 shares during the period. Swiss National Bank lifted its position in FormFactor by 0.4% during the 1st quarter. Swiss National Bank now owns 153,600 shares of the semiconductor company’s stock valued at $7,009,000 after acquiring an additional 600 shares during the period. Riverview Trust Co purchased a new position in FormFactor during the 1st quarter valued at about $28,000. Finally, Texas Permanent School Fund Corp lifted its position in FormFactor by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 68,126 shares of the semiconductor company’s stock valued at $3,109,000 after acquiring an additional 881 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $59.00, for a total value of $236,000.00. Following the completion of the transaction, the chief executive officer now directly owns 487,581 shares in the company, valued at $28,767,279. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $59.00, for a total value of $236,000.00. Following the completion of the transaction, the chief executive officer now directly owns 487,581 shares in the company, valued at $28,767,279. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sheri Rhodes sold 13,319 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the transaction, the director now directly owns 7,634 shares in the company, valued at approximately $427,656.68. The disclosure for this sale can be found here. Insiders sold a total of 33,536 shares of company stock worth $1,900,394 over the last three months. 0.96% of the stock is currently owned by company insiders.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $47.25 on Friday. The firm has a 50 day moving average of $57.51 and a 200 day moving average of $49.37. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 35.80 and a beta of 1.12. FormFactor, Inc. has a 12-month low of $29.50 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $168.73 million for the quarter, compared to the consensus estimate of $165.45 million. FormFactor had a net margin of 17.20% and a return on equity of 4.25%. On average, research analysts anticipate that FormFactor, Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FORM. Stifel Nicolaus lifted their price target on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Citigroup lifted their target price on shares of FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of FormFactor in a report on Thursday. Finally, B. Riley boosted their price objective on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.89.

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.