Fisher Asset Management LLC Buys 107,916 Shares of FormFactor, Inc. (NASDAQ:FORM)

Fisher Asset Management LLC lifted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 180.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,817 shares of the semiconductor company's stock after purchasing an additional 107,916 shares during the period. Fisher Asset Management LLC owned 0.22% of FormFactor worth $7,384,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position 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 purchasing an additional 309 shares in the last quarter. Quarry LP lifted its position in shares of FormFactor by 131.7% during the third 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 lifted its position in shares of FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc lifted its position 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 valued at $72,000 after purchasing an additional 1,609 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of FormFactor by 55.9% during the third quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company's stock valued at $156,000 after purchasing an additional 1,219 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

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Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares of the company's stock, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on FORM shares. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Stifel Nicolaus lowered their price target 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 lowered shares of FormFactor from a "buy" rating to a "neutral" rating and lowered their price target for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Finally, Evercore ISI lowered their price target on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $48.50.

FormFactor Price Performance

FORM stock traded up $1.15 during midday trading on Friday, reaching $33.00. The company had a trading volume of 875,934 shares, compared to its average volume of 898,517. 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 1 year low of $30.97 and a 1 year high of $63.63. The company has a market capitalization of $2.56 billion, a P/E ratio of 37.08 and a beta of 1.07. The firm has a 50-day moving average price of $39.56 and a 200-day moving average price of $42.40.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data 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 anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.