Neuberger Berman Group LLC Has $13.09 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Neuberger Berman Group LLC trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,464 shares of the semiconductor company's stock after selling 21,148 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.38% of FormFactor worth $13,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FORM. D.A. Davidson & CO. boosted its stake in FormFactor by 5.5% in the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 288 shares during the period. Aviva PLC lifted its stake in FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock worth $649,000 after acquiring an additional 331 shares during the period. Manchester Capital Management LLC boosted its stake in shares of 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 in the last quarter. Xponance Inc. increased its holdings in shares of FormFactor by 10.1% in the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock valued at $246,000 after acquiring an additional 511 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of FormFactor by 6.9% in the 4th quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company's stock valued at $417,000 after buying an additional 610 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

FORM has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and raised their price objective for the company from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI decreased 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 note on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.50.

FormFactor Trading Down 4.6 %

FormFactor stock traded down $1.26 during midday trading on Wednesday, reaching $25.85. The stock had a trading volume of 196,765 shares, compared to its average volume of 909,723. The stock's 50-day simple moving average is $31.52 and its 200 day simple moving average is $38.91. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. 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 stock has a market capitalization of $2.01 billion, a PE ratio of 29.05 and a beta of 1.15.

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 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%. Analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Activity

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 value of $155,920.00. Following the completion of the sale, the chief executive officer now directly 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 document filed with the SEC, which is accessible through this link. 0.96% of the stock is currently 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.