52,721 Shares in FormFactor, Inc. (NASDAQ:FORM) Acquired by GYL Financial Synergies LLC

GYL Financial Synergies LLC acquired a new position in FormFactor, Inc. (NASDAQ:FORM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 52,721 shares of the semiconductor company’s stock, valued at approximately $848,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc increased its holdings in FormFactor by 9.1% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock worth $112,000 after buying an additional 600 shares in the last quarter. Amalgamated Bank increased its holdings in FormFactor by 6.7% in the 4th quarter. Amalgamated Bank now owns 10,877 shares of the semiconductor company’s stock worth $153,000 after buying an additional 681 shares in the last quarter. Arizona State Retirement System increased its holdings in FormFactor by 0.7% in the 1st quarter. Arizona State Retirement System now owns 114,892 shares of the semiconductor company’s stock worth $1,849,000 after buying an additional 776 shares in the last quarter. Mason Street Advisors LLC increased its holdings in FormFactor by 3.9% in the 1st quarter. Mason Street Advisors LLC now owns 23,919 shares of the semiconductor company’s stock worth $385,000 after buying an additional 907 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in FormFactor by 22.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,120 shares of the semiconductor company’s stock worth $72,000 after buying an additional 924 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Several research firms recently commented on FORM. Northland Securities downgraded FormFactor from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $16.50 to $18.00 in a report on Thursday, May 2nd. DA Davidson lifted their price objective on FormFactor to $21.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Zacks Investment Research downgraded FormFactor from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.17.

In other FormFactor news, Director Raymond A. Link sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $15.58, for a total transaction of $62,320.00. Following the completion of the sale, the director now directly owns 49,602 shares in the company, valued at approximately $772,799.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.88% of the company’s stock.

Shares of FormFactor stock traded down $0.35 during trading hours on Friday, reaching $14.82. 28,672 shares of the stock traded hands, compared to its average volume of 261,332. The company has a market cap of $1.11 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.91 and a beta of 1.79. FormFactor, Inc. has a one year low of $11.38 and a one year high of $19.27. The company has a quick ratio of 2.54, a current ratio of 3.36 and a debt-to-equity ratio of 0.09.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $132.21 million during the quarter, compared to the consensus estimate of $130.37 million. FormFactor had a return on equity of 11.06% and a net margin of 19.76%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. Research analysts anticipate that FormFactor, Inc. will post 0.65 EPS for the current fiscal year.

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About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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