Amundi Acquires 25,434 Shares of FormFactor, Inc. (NASDAQ:FORM)

Amundi grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 186.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,058 shares of the semiconductor company's stock after acquiring an additional 25,434 shares during the period. Amundi owned about 0.05% of FormFactor worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in FormFactor by 99.4% during the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares during the period. Quarry LP grew its stake in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 523 shares during the period. Manchester Capital Management LLC increased its holdings in FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 440 shares in the last quarter. IFP Advisors Inc increased its holdings in FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 1,609 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after acquiring an additional 1,181 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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FormFactor Trading Down 3.6 %

Shares of FormFactor stock traded down $1.16 during trading on Friday, hitting $31.11. The stock had a trading volume of 1,547,917 shares, compared to its average volume of 690,106. The stock has a market cap of $2.41 billion, a PE ratio of 34.96 and a beta of 1.07. FormFactor, Inc. has a 12 month low of $30.22 and a 12 month high of $63.63. The firm's fifty day simple moving average is $36.97 and its 200-day simple moving average is $41.16. 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 (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 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%. As a group, sell-side analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

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

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.