Trexquant Investment LP Has $2.14 Million Stake in FormFactor, Inc. (NASDAQ:FORM)

Trexquant Investment LP lessened its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 57.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,620 shares of the semiconductor company's stock after selling 66,728 shares during the quarter. Trexquant Investment LP owned approximately 0.06% of FormFactor worth $2,139,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FORM. Quarry LP lifted its holdings in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC raised its position 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 acquiring an additional 440 shares during the last quarter. IFP Advisors Inc lifted its stake 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 purchasing an additional 1,609 shares during the period. Smartleaf Asset Management LLC boosted 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 worth $90,000 after purchasing an additional 1,181 shares during the last quarter. Finally, KBC Group NV grew its stake 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 period. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analyst Weigh In

FORM has been the topic of several analyst reports. Stifel Nicolaus cut their target price on 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 reduced their price objective on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Citigroup raised 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. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.50.

FormFactor Stock Up 2.1 %

NASDAQ:FORM traded up $0.56 during trading hours on Monday, reaching $27.31. 42,069 shares of the stock were exchanged, compared to its average volume of 748,831. The stock has a market cap of $2.12 billion, a PE ratio of 30.68 and a beta of 1.15. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The firm has a 50 day moving average of $32.02 and a 200 day moving average of $39.12. 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 released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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%. On average, equities analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares in the company, valued at $14,533,716. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.96% of the company's stock.

About FormFactor

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.