Massachusetts Financial Services Co. MA Buys 14,459 Shares of FormFactor, Inc. (NASDAQ:FORM)

Massachusetts Financial Services Co. MA boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,078,110 shares of the semiconductor company's stock after acquiring an additional 14,459 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.39% of FormFactor worth $47,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Quarry LP raised its position in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 523 shares during the period. Manchester Capital Management LLC raised its stake in shares of 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 buying an additional 440 shares during the period. IFP Advisors Inc lifted 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 buying an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 1,181 shares during the period. Finally, KBC Group NV increased its holdings in 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 in the last quarter. Institutional investors own 98.76% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

FORM has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and decreased their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus cut their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Citigroup raised 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 report on Monday, January 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $48.50.

FormFactor Trading Down 14.7 %

FORM stock traded down $4.38 during trading on Thursday, hitting $25.38. The company had a trading volume of 552,419 shares, compared to its average volume of 741,074. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $63.63. The company has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $39.42. The firm has a market capitalization of $1.97 billion, a P/E ratio of 28.60 and a beta of 1.15. 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 posted its quarterly 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%. As a group, research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share 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.