KLP Kapitalforvaltning AS Buys New Shares in FormFactor, Inc. (NASDAQ:FORM)

KLP Kapitalforvaltning AS purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 16,000 shares of the semiconductor company's stock, valued at approximately $704,000.

Several other hedge funds also recently modified their holdings of the company. Quarry LP boosted its stake in FormFactor by 131.7% during 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 in the last quarter. Manchester Capital Management LLC lifted its holdings in FormFactor by 63.8% in 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 boosted its position in shares of FormFactor by 4,732.4% during 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 in the last quarter. Smartleaf Asset Management LLC grew its position in FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,181 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after acquiring an additional 1,717 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 owns 514,650 shares in the company, valued at $14,533,716. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FORM. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and lowered their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Evercore ISI dropped their target price on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.50.

FormFactor Stock Down 4.3 %

Shares of FORM traded down $1.08 during trading hours on Friday, hitting $24.17. 1,496,503 shares of the company were exchanged, compared to its average volume of 728,034. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The company has a market cap of $1.87 billion, a PE ratio of 27.16 and a beta of 1.08. The firm's 50 day moving average is $33.84 and its 200-day moving average is $40.00. FormFactor, Inc. has a 52 week low of $22.84 and a 52 week high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (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%. On average, equities research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.