Bessemer Group Inc. Acquires 10,616 Shares of FormFactor, Inc. (NASDAQ:FORM)

Bessemer Group Inc. grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 331,555 shares of the semiconductor company's stock after buying an additional 10,616 shares during the period. Bessemer Group Inc. owned approximately 0.43% of FormFactor worth $14,590,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Pinpoint Asset Management Ltd bought a new stake in FormFactor in the 4th quarter valued at $43,000. Manchester Capital Management LLC grew its stake in FormFactor by 63.8% during the fourth 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 last quarter. IFP Advisors Inc raised its stake in shares of FormFactor by 4,732.4% in the fourth 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 last quarter. Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 1,181 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of FormFactor by 90.0% during the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 1,717 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

FORM has been the subject of a number of research analyst reports. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley lowered FormFactor from a "buy" rating to a "neutral" rating and cut their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Stifel Nicolaus reduced their target price on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Evercore ISI cut their price objective 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and an average price target of $48.50.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following 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 SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Trading Down 4.6 %

Shares of FORM stock traded down $1.26 during mid-day trading on Wednesday, hitting $25.85. The company's stock had a trading volume of 155,116 shares, compared to its average volume of 749,261. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The company has a market cap of $2.01 billion, a PE ratio of 29.05 and a beta of 1.15. The company's fifty day simple moving average is $31.52 and its 200-day simple moving average is $38.91.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results 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%. As a group, equities research analysts expect 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.