Intech Investment Management LLC Grows Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Intech Investment Management LLC raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 154.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,337 shares of the semiconductor company's stock after purchasing an additional 27,550 shares during the period. Intech Investment Management LLC owned 0.06% of FormFactor worth $1,995,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Royce & Associates LP grew its stake in FormFactor by 30.1% during the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock worth $77,312,000 after buying an additional 406,768 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of FormFactor during the fourth quarter worth about $14,222,000. Channing Capital Management LLC grew its stake in shares of FormFactor by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company's stock worth $67,225,000 after acquiring an additional 142,776 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of FormFactor by 91.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company's stock valued at $11,396,000 after acquiring an additional 123,333 shares in the last quarter. Finally, Barclays PLC raised its position in shares of FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after purchasing an additional 113,296 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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FormFactor Stock Performance

FORM stock traded down $0.90 during trading on Tuesday, hitting $31.45. 455,306 shares of the company traded hands, compared to its average volume of 692,827. FormFactor, Inc. has a 1 year low of $30.22 and a 1 year high of $63.63. The company has a market cap of $2.44 billion, a PE ratio of 35.34 and a beta of 1.07. The stock's 50-day simple moving average is $36.50 and its 200 day simple moving average is $40.90. 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 posted its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 fiscal year.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor 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 completion of the transaction, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FORM shares. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Stifel Nicolaus reduced 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. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and dropped their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Evercore ISI reduced their price objective 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, 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $48.50.

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.