Company shares are trading at $18.20 which is just over $16.88, the 50 day moving average and quite a bit above the 200 day moving average of $14.32. The 50 day moving average moved up $1.33 whereas the 200 day average was up by +27.09%. FormFactor, Inc. shares had a trading volume of 859K on Tuesday. Shares saw a steep increase in trading volume of 59.78% over the normal average daily volume.
Short traders are feeling a little more bullish on shares of the company if you look at the change in short interest. The stock recorded a fall in short interest of -5.38% as of October 13, 2017 from the last reporting period. Short interest fell from 1,259,060 to 1,191,262 over that timeframe. With short interest at 1,191,262 and short average daily volume at 627,040, days to cover is 2.0 and the short interest percentage is 0.02% as of October 13.
FormFactor, Inc. (NASDAQ:FORM) has been the object of insider selling activity recently. Michael M. Ludwig, SR VP, CFO sold $424,500 worth of shares at a price of $14.15 on August 22nd. That brings the SR VP, CFO’s holdings to $3,650,375 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (FORM). As of quarter end Nationwide Fund Advisors had sold 32,956 shares trimming its position 34.6%. The value of the investment in (FORM) decreased from $1,180,000 to $1,048,000 a change of $132,000 quarter over quarter. First Trust Advisors LP grew its position by buying 1,034 shares an increase of 0.7%. First Trust Advisors LP controls 156,661 shares valued at $2,640,000. The total value of its holdings increased 36.8%.
As of the end of the quarter Peregrine Capital Management LLC had disposed of a total of 13,711 shares trimming its stake by 0.7%. The value of the investment in FORM went from $23,550,000 to $31,771,000 increasing 34.9% quarter to quarter. Victory Capital Management Inc expanded its investment by buying 25,550 shares an increase of 1.3% in the quarter. Victory Capital Management Inc currently owns 2,000,917 shares with a value of $33,715,000. The value of the position overall is up by 37.6%.
In the last earnings report the EPS was $-0.10 and is projected to be $1.22 for the current year with 72,544,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.26 and the next full year EPS is projected to be $1.35.
FormFactor, Inc., launched on April 15, 1993, is a provider of test and measurement solutions. The Business’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services. Its products provide electrical information from a range of semiconductor and electro-optical devices and integrated circuits (devices) from development to production..