FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 257,722 shares of the semiconductor company's stock after buying an additional 123,333 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.33% of FormFactor worth $11,396,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its position in shares of FormFactor by 1.4% in the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company's stock valued at $134,019,000 after acquiring an additional 39,784 shares during the period. Geode Capital Management LLC increased its holdings in shares of FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after purchasing an additional 73,982 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of FormFactor by 8.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock valued at $48,928,000 after purchasing an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of FormFactor by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock worth $40,761,000 after purchasing an additional 32,889 shares during the last quarter. Finally, Needham Investment Management LLC lifted its holdings in shares of FormFactor by 8.6% during the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company's stock worth $28,520,000 after purchasing an additional 49,000 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares of the company's stock, valued at $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 12,000 shares of company stock worth $496,040 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

FormFactor Price Performance

FORM stock traded down $2.01 during mid-day trading on Friday, reaching $35.38. 675,683 shares of the company's stock were exchanged, compared to its average volume of 918,569. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 12-month low of $32.71 and a 12-month high of $63.63. The stock's 50 day moving average is $41.76 and its 200 day moving average is $43.18. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 39.75 and a beta of 1.07.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FORM shares. B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and cut their price target for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus cut their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Evercore ISI decreased their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and an average target price of $48.50.

About FormFactor

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.