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

FormFactor, Inc. (NASDAQ:FORM) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 3,210,000 shares, an increase of 19.3% from the November 30th total of 2,690,000 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average daily trading volume, of 741,800 shares, the days-to-cover ratio is presently 4.3 days.

FormFactor Stock Performance

Shares of FormFactor stock traded down $1.15 during trading on Friday, hitting $45.92. 699,283 shares of the company’s stock traded hands, compared to its average volume of 620,083. FormFactor has a 1 year low of $37.21 and a 1 year high of $63.63. The business has a 50-day simple moving average of $42.17 and a 200-day simple moving average of $47.67. The stock has a market capitalization of $3.56 billion, a P/E ratio of 26.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FORM shares. TD Cowen dropped their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC lowered their price objective on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.38.

Insider Transactions at FormFactor

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

Institutional Trading of FormFactor

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of FormFactor by 5.1% during the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after purchasing an additional 18,810 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in FormFactor by 7.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company’s stock worth $2,200,000 after purchasing an additional 3,426 shares during the period. Geode Capital Management LLC raised its stake in FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after buying an additional 73,982 shares during the last quarter. Barclays PLC lifted its holdings in shares of FormFactor by 351.9% during the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after buying an additional 113,296 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of FormFactor in the 3rd quarter worth $550,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.