Charles Schwab Investment Management Inc. Grows Position in FormFactor, Inc. (NASDAQ:FORM)

Charles Schwab Investment Management Inc. grew its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 920,441 shares of the semiconductor company's stock after buying an additional 34,338 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.19% of FormFactor worth $40,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FORM. Advisors Asset Management Inc. lifted its holdings in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after buying an additional 309 shares during the period. 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 worth $42,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC lifted its holdings in FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after buying an additional 440 shares during the period. IFP Advisors Inc lifted its holdings in FormFactor by 4,732.4% in the 4th 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 during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in FormFactor by 146.7% in the 4th 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 during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

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Analysts Set New Price Targets

FORM has been the subject of a number of research analyst reports. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and raised their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Stifel Nicolaus lowered their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Evercore ISI lowered 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. Finally, B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and lowered their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Six investment 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 an average rating of "Hold" and a consensus price target of $48.50.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, February 3rd. The stock was 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 trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company's stock.

FormFactor Stock Down 1.0 %

FORM stock traded down $0.34 on Tuesday, reaching $32.31. 69,472 shares of the company traded hands, compared to its average volume of 684,691. FormFactor, Inc. has a one year low of $30.22 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The company has a market cap of $2.51 billion, a P/E ratio of 36.31 and a beta of 1.07. The firm has a fifty day simple moving average of $37.73 and a 200-day simple moving average of $41.39.

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

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.