Charles Schwab Investment Management Inc. Purchases 34,338 Shares of FormFactor, Inc. (NASDAQ:FORM)

Charles Schwab Investment Management Inc. boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 920,441 shares of the semiconductor company's stock after acquiring an additional 34,338 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.19% of FormFactor worth $40,499,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in 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 purchasing an additional 309 shares during the period. Quarry LP raised its position in shares of 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 acquiring an additional 523 shares during the period. Manchester Capital Management LLC raised its position in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 440 shares during the period. IFP Advisors Inc raised its position in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 1,609 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of FormFactor by 146.7% in 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 during the period. Institutional investors own 98.76% of the company's stock.

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Insider Transactions at FormFactor

In related 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 completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company's stock.

FormFactor Stock Up 0.5 %

Shares of FORM traded up $0.17 during mid-day trading on Tuesday, hitting $32.82. 567,860 shares of the company's stock were exchanged, compared to its average volume of 687,608. The company has a market cap of $2.55 billion, a PE ratio of 36.88 and a beta of 1.07. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week high of $63.63. The company has a 50-day simple moving average of $37.44 and a 200 day simple moving average of $41.28. 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 issued its quarterly earnings results 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 return on equity of 5.93% and a net margin of 9.12%. On average, research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of analyst reports. Stifel Nicolaus cut 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. Citigroup upgraded shares of 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. B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.