Emerald Advisers LLC Reduces Holdings in FormFactor, Inc. (NASDAQ:FORM)

Emerald Advisers LLC decreased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 588,743 shares of the semiconductor company's stock after selling 15,981 shares during the period. Emerald Advisers LLC owned 0.76% of FormFactor worth $25,905,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 309 shares during the last quarter. Quarry LP lifted its holdings in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 523 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,609 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,181 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

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FormFactor Trading Down 2.5 %

FormFactor stock traded down $0.77 during midday trading on Thursday, reaching $29.72. The stock had a trading volume of 734,086 shares, compared to its average volume of 696,500. The stock's 50-day simple moving average is $35.74 and its 200 day simple moving average is $40.68. FormFactor, Inc. has a twelve month low of $29.44 and a twelve month high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The stock has a market capitalization of $2.31 billion, a PE ratio of 33.39 and a beta of 1.07.

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

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares of the company's stock, valued at approximately $23,221,277.64. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FORM. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Evercore ISI lowered their price objective on 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 upgraded FormFactor from a "neutral" rating to a "buy" rating and upped their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, Stifel Nicolaus decreased their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, FormFactor currently has a consensus rating of "Hold" and a consensus 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.