Invesco Ltd. Has $34.08 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Invesco Ltd. cut its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 774,577 shares of the semiconductor company's stock after selling 197,809 shares during the quarter. Invesco Ltd. owned about 1.00% of FormFactor worth $34,081,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FORM. Pinpoint Asset Management Ltd bought a new stake in shares of FormFactor in the 4th quarter valued at about $43,000. Manchester Capital Management LLC raised 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. IFP Advisors Inc boosted its position in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC increased 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 valued at $90,000 after buying an additional 1,181 shares in the last quarter. Finally, KBC Group NV raised its stake in FormFactor by 90.0% during the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after buying an additional 1,717 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FORM. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price target for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI dropped their target price 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. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and reduced their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their target price on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Six investment 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 company has an average rating of "Hold" and an average target price of $48.50.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the sale, the chief executive officer now directly owns 514,650 shares in the company, valued at $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by corporate insiders.

FormFactor Stock Down 3.1 %

FORM traded down $0.81 during trading hours on Friday, hitting $25.12. 1,579,882 shares of the company's stock were exchanged, compared to its average volume of 760,258. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 28.23 and a beta of 1.15. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63. The stock's 50-day moving average is $30.91 and its two-hundred day moving average is $38.50. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.