Natixis Advisors LLC Acquires 26,734 Shares of FormFactor, Inc. (NASDAQ:FORM)

Natixis Advisors LLC increased its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,520 shares of the semiconductor company's stock after acquiring an additional 26,734 shares during the period. Natixis Advisors LLC owned approximately 0.24% of FormFactor worth $8,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FORM. D.A. Davidson & CO. raised its position in FormFactor by 5.5% in the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 288 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of FormFactor by 7.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company's stock worth $276,000 after purchasing an additional 415 shares in the last quarter. Manchester Capital Management LLC lifted its stake in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 440 shares during the last quarter. Finally, Quarry LP boosted its holdings in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

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Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares of the company's stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on FORM shares. B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and dropped their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Evercore ISI dropped their price target on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.50.

FormFactor Stock Down 2.8 %

FormFactor stock traded down $0.90 during mid-day trading on Tuesday, hitting $31.45. The company's stock had a trading volume of 455,306 shares, compared to its average volume of 692,827. FormFactor, Inc. has a 52-week low of $30.22 and a 52-week high of $63.63. The company has a market cap of $2.44 billion, a PE ratio of 35.34 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 3.83. The firm's 50 day moving average is $36.50 and its 200 day moving average is $40.90.

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 (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, analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current 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.