Envestnet Asset Management Inc. Acquires 32,843 Shares of FormFactor, Inc. (NASDAQ:FORM)

Envestnet Asset Management Inc. boosted its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 395,858 shares of the semiconductor company's stock after purchasing an additional 32,843 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.51% of FormFactor worth $17,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 288 shares during the last quarter. Aviva PLC raised its position in FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock worth $649,000 after acquiring an additional 331 shares during the period. 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 acquiring an additional 440 shares during the last quarter. Xponance Inc. grew its holdings in FormFactor by 10.1% during the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 511 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of FormFactor by 10.2% in the fourth quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company's stock worth $307,000 after buying an additional 617 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on 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 transaction, the chief executive officer now directly owns 518,531 shares of the company's stock, valued at $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

FormFactor Price Performance

Shares of NASDAQ FORM traded down $0.81 during midday trading on Friday, reaching $25.12. 1,579,882 shares of the stock traded hands, compared to its average volume of 759,505. The stock has a market capitalization of $1.95 billion, a PE ratio of 28.23 and a beta of 1.15. The company's 50 day moving average is $30.91 and its 200 day moving average is $38.54. 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 one year low of $22.58 and a one year high of $63.63.

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 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%. On average, equities research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FORM shares. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and dropped their price target 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 report on Thursday, February 6th. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Evercore ISI lowered their price target on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of "Hold" and a consensus price target of $48.50.

FormFactor Company 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.