FormFactor, Inc. (NASDAQ:FORM) is Lisanti Capital Growth LLC’s 7th Largest Position

Lisanti Capital Growth LLC cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,505 shares of the semiconductor company’s stock after selling 1,290 shares during the quarter. FormFactor makes up about 1.8% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 7th largest position. Lisanti Capital Growth LLC owned approximately 0.16% of FormFactor worth $7,597,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FORM. California Public Employees Retirement System lifted its position in shares of FormFactor by 2.8% during the fourth quarter. California Public Employees Retirement System now owns 156,477 shares of the semiconductor company’s stock valued at $6,527,000 after buying an additional 4,190 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of FormFactor by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 35,482 shares of the semiconductor company’s stock valued at $1,480,000 after buying an additional 3,545 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of FormFactor by 142.7% during the fourth quarter. Russell Investments Group Ltd. now owns 97,327 shares of the semiconductor company’s stock valued at $4,060,000 after buying an additional 57,233 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FormFactor by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 825,473 shares of the semiconductor company’s stock valued at $34,430,000 after buying an additional 9,757 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of FormFactor during the fourth quarter valued at about $15,484,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jorge Titinger sold 6,770 shares of the stock in a transaction that occurred 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 owns 12,970 shares in the company, valued at approximately $543,961.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the transaction, the chief executive officer now owns 523,187 shares in the company, valued at approximately $26,645,913.91. The disclosure for this sale can be found here. Insiders have sold 14,770 shares of company stock worth $723,654 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

NASDAQ:FORM traded down $0.01 during midday trading on Friday, hitting $48.77. The company’s stock had a trading volume of 1,146,629 shares, compared to its average volume of 718,685. FormFactor, Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $63.63. The firm’s 50 day moving average is $53.50 and its 200-day moving average is $50.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64. The firm has a market cap of $3.77 billion, a P/E ratio of 36.95 and a beta of 1.12.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 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 analysts’ expectations of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. Equities analysts anticipate that FormFactor, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on FORM shares. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of FormFactor in a research report on Thursday, August 1st. TD Cowen increased their price objective on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. DA Davidson increased their price objective on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, B. Riley increased their price objective on shares of FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.63.

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.