Charles Schwab Investment Management Inc. boosted its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 920,441 shares of the semiconductor company's stock after purchasing an additional 34,338 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.19% of FormFactor worth $40,499,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of FormFactor by 99.4% during the 3rd 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 boosted its holdings in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 523 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 valued at $50,000 after buying an additional 440 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after buying an additional 1,609 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 1,181 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
Insider Activity
In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred 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 transaction, the chief executive officer now owns 518,531 shares of the company's stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on FORM shares. Stifel Nicolaus dropped their target price on 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 stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Evercore ISI decreased their target price 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 reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Finally, Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price target for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Six 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.50.
Check Out Our Latest Stock Report on FormFactor
FormFactor Price Performance
FORM traded up $0.62 during trading on Monday, hitting $32.62. The company's stock had a trading volume of 260,447 shares, compared to its average volume of 877,271. The firm's 50 day moving average price is $38.00 and its two-hundred day moving average price is $41.51. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $30.22 and a 12 month high of $63.63. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 36.58 and a beta of 1.07.
FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly 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%. Sell-side analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.
FormFactor Profile
(
Free Report)
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.
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