FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,103,612 shares of the semiconductor company's stock after acquiring an additional 36,438 shares during the quarter. Geode Capital Management LLC owned 2.72% of FormFactor worth $92,577,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in FormFactor by 5.5% in the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 288 shares during the last quarter. Manchester Capital Management LLC grew its holdings in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares during the period. Xponance Inc. increased its position in FormFactor by 10.1% during the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock valued at $246,000 after buying an additional 511 shares in the last quarter. Blue Trust Inc. raised its holdings in FormFactor by 10.2% in the fourth quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company's stock worth $307,000 after buying an additional 617 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in shares of FormFactor by 0.7% in the fourth quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company's stock worth $4,874,000 after purchasing an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Stock Down 4.4 %

NASDAQ:FORM traded down $1.20 during mid-day trading on Wednesday, reaching $25.91. The company's stock had a trading volume of 105,750 shares, compared to its average volume of 749,058. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.01 billion, a PE ratio of 29.09 and a beta of 1.15. The stock has a fifty day moving average of $31.52 and a 200-day moving average of $38.91.

FormFactor (NASDAQ:FORM - Get Free Report) last released 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%. Equities research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the sale, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FORM shares. B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and cut their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Stifel Nicolaus cut their target price on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Finally, Evercore ISI decreased their price target on 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average 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.