FormFactor, Inc. (NASDAQ:FORM) Sees Large Increase in Short Interest

FormFactor, Inc. (NASDAQ:FORM) saw a large 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. Based on an average trading volume of 800,200 shares, the days-to-cover ratio is presently 4.5 days. Currently, 4.7% of the shares of the company are sold short.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $43.46 on Monday. FormFactor has a one year low of $37.25 and a one year 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 firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.98 and a beta of 1.08. The company’s fifty day moving average price is $42.77 and its 200-day moving average price is $46.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup raised shares of 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. TD Cowen decreased their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC cut FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at $23,221,277.64. The trade was 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 the SEC website. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its holdings in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after buying an additional 309 shares during the period. Quarry LP increased its stake in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares during the period. CWM LLC lifted its position in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 1,044 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of FormFactor by 49.6% during the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 1,123 shares during the period. Finally, US Bancorp DE grew its holdings in shares of FormFactor by 55.9% in the third quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,219 shares during the last quarter. 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.