FormFactor, Inc. (NASDAQ:FORM) Position Boosted by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 119.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,883 shares of the semiconductor company's stock after purchasing an additional 29,329 shares during the quarter. Mirabella Financial Services LLP owned 0.07% of FormFactor worth $2,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock worth $6,692,000 after buying an additional 113,296 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of FormFactor by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock worth $18,940,000 after acquiring an additional 18,810 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company's stock valued at $362,000 after purchasing an additional 972 shares during the period. Reinhart Partners LLC. raised its stake in FormFactor by 4.4% during the fourth quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company's stock worth $19,510,000 after purchasing an additional 18,561 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in FormFactor by 19.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company's stock worth $11,040,000 after purchasing an additional 40,612 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Stock Up 0.1 %

NASDAQ FORM traded up $0.02 during mid-day trading on Friday, reaching $28.23. 317,219 shares of the company's stock traded hands, compared to its average volume of 768,733. The company has a fifty day simple moving average of $30.05 and a 200-day simple moving average of $38.02. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 31.69 and a beta of 1.15. 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 issued its quarterly 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%. As a group, equities research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on FORM shares. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor 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 for the company in a research report on Thursday, February 6th. Finally, Evercore ISI reduced their price target on shares of 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 research 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 stock presently has an average rating of "Hold" and an average target price of $48.50.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated 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 owns 514,650 shares of the company's stock, valued at $14,533,716. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

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.