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

FormFactor, Inc. (NASDAQ:FORM) was the recipient of a large increase in short interest in 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 currently 4.5 days. Currently, 4.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Quarry LP boosted its position in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares in the last quarter. CWM LLC grew its stake in shares of FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 1,044 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in FormFactor during the second quarter worth approximately $204,000. Finally, GAMMA Investing LLC boosted its stake in shares of FormFactor by 49.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FormFactor stock traded up $0.24 on Monday, hitting $43.46. The company had a trading volume of 430,127 shares, compared to its average volume of 972,146. FormFactor has a 52 week low of $37.25 and a 52 week high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94. The company has a market cap of $3.37 billion, a PE ratio of 24.98 and a beta of 1.08. The business has a 50-day simple moving average of $42.77 and a 200-day simple moving average of $46.00.

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.