Calamos Advisors LLC Makes New Investment in FormFactor, Inc. (NASDAQ:FORM)

Calamos Advisors LLC purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,004 shares of the semiconductor company’s stock, valued at approximately $1,502,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FORM. Cerity Partners LLC bought a new stake in FormFactor in the 1st quarter valued at $383,000. Belpointe Asset Management LLC lifted its holdings in shares of FormFactor by 170.1% in the first quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 684 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of FormFactor during the third quarter worth about $70,000. Tower Research Capital LLC TRC boosted its position in shares of FormFactor by 247.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock worth $79,000 after buying an additional 1,771 shares during the period. Finally, CWM LLC increased its position in FormFactor by 124.3% during the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock worth $96,000 after buying an additional 1,530 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction on Monday, March 4th. The shares were sold at an average price of $44.51, for a total value of $445,100.00. Following the completion of the transaction, the chief financial officer now owns 27,591 shares in the company, valued at approximately $1,228,075.41. The disclosure for this sale can be found here. In the last three months, insiders sold 28,000 shares of company stock worth $1,223,580. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FORM has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Evercore ISI started coverage on FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target for the company. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price objective on shares of FormFactor in a research report on Thursday, February 8th. Finally, TheStreet raised shares of FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.56.

FormFactor Trading Down 3.2 %

FORM stock opened at $40.76 on Monday. FormFactor, Inc. has a 52 week low of $24.88 and a 52 week high of $47.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. The company’s 50-day simple moving average is $43.57 and its 200 day simple moving average is $39.90. The company has a market capitalization of $3.16 billion, a PE ratio of 38.45 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. As a group, sell-side analysts anticipate that FormFactor, Inc. will post 0.63 earnings per share for the current year.

FormFactor 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.