Is Formfactor Inc (NASDAQ:FORM)’s Fuel Running Low? Reports Show More Sellers

July 27, 2018 - By Vernon Prom

FormFactor, Inc. (NASDAQ:FORM) Logo

Investors sentiment decreased to 1.07 in 2018 Q1. Its down 0.41, from 1.48 in 2017Q4. It turned negative, as 35 investors sold FormFactor, Inc. shares while 51 reduced holdings. 44 funds opened positions while 48 raised stakes. 63.95 million shares or 9.93% more from 58.17 million shares in 2017Q4 were reported.
Dupont Cap accumulated 41,900 shares or 0.01% of the stock. Dimensional Fund Advsrs Lp owns 5.10M shares for 0.03% of their portfolio. Vanguard Group has 6.97M shares for 0% of their portfolio. Employees Retirement Sys Of Texas has invested 0.01% in FormFactor, Inc. (NASDAQ:FORM). Koch Industry invested 0.21% in FormFactor, Inc. (NASDAQ:FORM). Clarivest Asset Management Lc holds 0.01% or 45,300 shares in its portfolio. Needham Inv Management Limited Liability Corporation holds 4.36% in FormFactor, Inc. (NASDAQ:FORM) or 1.12M shares. Peak6 Invests L P accumulated 12,975 shares. Metropolitan Life invested 0% in FormFactor, Inc. (NASDAQ:FORM). Teachers Retirement System Of The State Of Kentucky has invested 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM). Deutsche Natl Bank Ag has 0% invested in FormFactor, Inc. (NASDAQ:FORM). Pinnacle Assocs Ltd holds 0.45% or 1.70M shares. Comerica Fincl Bank reported 76,161 shares stake. Teacher Retirement Of Texas stated it has 0% of its portfolio in FormFactor, Inc. (NASDAQ:FORM). Louisiana State Employees Retirement Systems stated it has 0.02% in FormFactor, Inc. (NASDAQ:FORM).

Since February 15, 2018, it had 0 insider buys, and 6 selling transactions for $1.62 million activity. Another trade for 45,000 shares valued at $587,280 was made by LUDWIG MICHAEL M on Tuesday, February 20. On Monday, May 14 STEVEN-WAISS KELLEY sold $105,769 worth of FormFactor, Inc. (NASDAQ:FORM) or 8,000 shares. The insider LINK RAYMOND A sold 4,500 shares worth $60,075. St Dennis Thomas had sold 20,867 shares worth $283,290 on Tuesday, March 6.

The stock of Formfactor Inc (NASDAQ:FORM) registered an increase of 6.41% in short interest. FORM’s total short interest was 2.99 million shares in July as published by FINRA. Its up 6.41% from 2.81 million shares, reported previously. With 818,500 shares average volume, it will take short sellers 4 days to cover their FORM’s short positions. The short interest to Formfactor Inc’s float is 4.14%.

The stock increased 1.56% or $0.2 during the last trading session, reaching $13. About 419,918 shares traded. FormFactor, Inc. (NASDAQ:FORM) has declined 5.57% since July 27, 2017 and is downtrending. It has underperformed by 18.14% the S&P500.

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company has market cap of $949.42 million. The firm 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. It has a 25.54 P/E ratio. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; integrated measurement systems that include test instrumentation, probe, cabling configurations, and software to enable fast, accurate, and on-wafer data collection for complex application and measurement needs; thermal subsystems that produce thermal chucks and other test systems used in probe stations; and reliability test systems that enable clients to develop products that are less susceptible to various phenomenon that could degrade semiconductor device performance.

FormFactor, Inc. (NASDAQ:FORM) Ratings Coverage

Among 4 analysts covering Formfactor (NASDAQ:FORM), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Formfactor has $2100 highest and $13.5 lowest target. $18.17’s average target is 39.77% above currents $13 stock price. Formfactor had 5 analyst reports since February 8, 2018 according to SRatingsIntel. Needham downgraded FormFactor, Inc. (NASDAQ:FORM) on Friday, April 27 to “Buy” rating. The firm has “Buy” rating by FBR Capital given on Thursday, February 8. The firm has “Buy” rating given on Tuesday, April 3 by Northland Capital. As per Friday, May 4, the company rating was maintained by Citigroup. Citigroup maintained FormFactor, Inc. (NASDAQ:FORM) rating on Friday, February 9. Citigroup has “Neutral” rating and $14 target.

More news for FormFactor, Inc. (NASDAQ:FORM) were recently published by: Nasdaq.com, which released: “FormFactor to Participate in the 10th Annual CEO Investor Summit 2018” on July 03, 2018. Nasdaq.com‘s article titled: “FormFactor to Announce Second Quarter 2018 Financial Results on August 1st” and published on July 23, 2018 is yet another important article.

FormFactor, Inc. (NASDAQ:FORM) Institutional Positions Chart

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