Jennison Associates LLC Increases Position in FormFactor, Inc. (NASDAQ:FORM)

Jennison Associates LLC lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,159 shares of the semiconductor company's stock after purchasing an additional 7,134 shares during the quarter. Jennison Associates LLC's holdings in FormFactor were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. New York State Common Retirement Fund grew its stake in FormFactor by 876.0% in the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company's stock worth $14,876,000 after buying an additional 290,254 shares in the last quarter. TimesSquare Capital Management LLC grew its position in FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company's stock worth $26,988,000 after acquiring an additional 134,170 shares in the last quarter. Barclays PLC increased its stake in FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after acquiring an additional 113,296 shares during the last quarter. Eagle Asset Management Inc. raised its position in FormFactor by 59.3% during the third quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company's stock valued at $12,729,000 after purchasing an additional 112,537 shares in the last quarter. Finally, FMR LLC lifted its stake in FormFactor by 1,255.5% during the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company's stock worth $5,356,000 after purchasing an additional 107,837 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Down 0.3 %

NASDAQ:FORM traded down $0.11 during mid-day trading on Monday, reaching $35.73. 597,383 shares of the company's stock traded hands, compared to its average volume of 953,576. The company has a 50 day moving average price of $42.76 and a 200-day moving average price of $43.82. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 40.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.94. FormFactor, Inc. has a 12-month low of $32.71 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) 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, sell-side analysts predict that FormFactor, Inc. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FORM shares. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday. TD Cowen lowered their price objective on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Evercore ISI reduced 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. Citigroup raised 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. Finally, Stifel Nicolaus reduced their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FormFactor has an average rating of "Hold" and an average price target of $48.50.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 12,000 shares of company stock worth $496,040. 0.96% of the stock is currently owned by corporate insiders.

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.