Sei Investments Co. Purchases 409,304 Shares of FormFactor, Inc. (NASDAQ:FORM)

Sei Investments Co. grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,595,498 shares of the semiconductor company's stock after buying an additional 409,304 shares during the period. Sei Investments Co. owned 2.06% of FormFactor worth $70,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FORM. Quest Partners LLC lifted its stake in shares of FormFactor by 24.8% in the third quarter. Quest Partners LLC now owns 7,702 shares of the semiconductor company's stock worth $354,000 after buying an additional 1,529 shares in the last quarter. Jennison Associates LLC bought a new position in FormFactor in the 3rd quarter valued at approximately $783,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in FormFactor by 129.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company's stock valued at $3,793,000 after acquiring an additional 46,488 shares in the last quarter. Advisors Asset Management Inc. boosted its stake 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 last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of FormFactor in the 3rd quarter worth $818,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

NASDAQ FORM traded down $0.77 during trading hours on Thursday, hitting $29.72. 734,086 shares of the company's stock traded hands, compared to its average volume of 694,964. FormFactor, Inc. has a 52 week low of $29.44 and a 52 week high of $63.63. The firm has a market capitalization of $2.31 billion, a P/E ratio of 33.39 and a beta of 1.07. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The business's fifty day moving average price is $36.01 and its two-hundred day moving average price is $40.76.

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FormFactor (NASDAQ:FORM - Get Free Report) last issued 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%. Equities research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. B. Riley downgraded 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 report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and upped their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI dropped their price target 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. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Stifel Nicolaus lowered their price objective 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.