FormFactor, Inc. (NASDAQ:FORM) Position Reduced by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC reduced its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 405,130 shares of the semiconductor company's stock after selling 8,665 shares during the period. FormFactor comprises about 1.7% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 28th largest holding. Neumeier Poma Investment Counsel LLC owned about 0.52% of FormFactor worth $17,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FORM. D.A. Davidson & CO. grew its stake in shares of 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. increased its holdings in FormFactor by 99.4% during 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 period. Glenmede Trust Co. NA boosted its stake 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 valued at $276,000 after buying an additional 415 shares during the period. Manchester Capital Management LLC grew its position 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 worth $50,000 after buying an additional 440 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of FormFactor by 10.1% during the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock worth $246,000 after buying an additional 511 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Down 1.2 %

NASDAQ:FORM opened at $28.29 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a one year low of $27.55 and a one year high of $63.63. The business's 50-day simple moving average is $35.14 and its 200 day simple moving average is $40.46. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 31.79 and a beta of 1.07.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 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, sell-side analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FORM shares. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and cut their target price for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI reduced their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus decreased their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, FormFactor currently 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 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 sale, the chief executive officer now owns 518,531 shares of the company's stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company's stock.

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.