Madison Investment Advisors LLC Purchases New Position in FormFactor, Inc. (NASDAQ:FORM)

Madison Investment Advisors LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 105,606 shares of the semiconductor company's stock, valued at approximately $4,647,000. Madison Investment Advisors LLC owned approximately 0.14% of FormFactor at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Swiss National Bank raised its holdings in shares of FormFactor by 0.9% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock worth $6,697,000 after purchasing an additional 1,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of FormFactor by 18.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,300 shares of the semiconductor company's stock worth $4,281,000 after acquiring an additional 14,835 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of FormFactor by 27.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 27,428 shares of the semiconductor company's stock worth $1,207,000 after buying an additional 5,988 shares during the period. Channing Capital Management LLC increased its stake in FormFactor by 10.3% in the 4th quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company's stock worth $67,225,000 after purchasing an additional 142,776 shares during the period. Finally, Moran Wealth Management LLC raised its holdings in FormFactor by 13.7% during the 4th quarter. Moran Wealth Management LLC now owns 11,317 shares of the semiconductor company's stock valued at $498,000 after buying an additional 1,362 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on FORM shares. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus dropped their target price 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. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 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 investment 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, the stock currently has an average rating of "Hold" and an average price target of $48.50.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the transaction, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company's stock.

FormFactor Stock Performance

NASDAQ FORM traded down $0.96 on Wednesday, reaching $30.49. 587,303 shares of the stock were exchanged, compared to its average volume of 692,949. The firm has a market capitalization of $2.36 billion, a PE ratio of 34.26 and a beta of 1.07. FormFactor, Inc. has a one year low of $30.22 and a one year high of $63.63. The company's 50-day simple moving average is $36.27 and its two-hundred day simple moving average is $40.83. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Analysts expect that FormFactor, Inc. will post 0.9 EPS 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.