282,875 Shares in FormFactor, Inc. (NASDAQ:FORM) Acquired by Norges Bank

Norges Bank acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 282,875 shares of the semiconductor company's stock, valued at approximately $12,446,000. Norges Bank owned approximately 0.37% of FormFactor at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FORM. JPMorgan Chase & Co. raised its stake in shares of FormFactor by 118.1% during the 4th quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company's stock worth $22,414,000 after purchasing an additional 275,824 shares in the last quarter. Montanaro Asset Management Ltd lifted its stake in FormFactor by 0.8% in the fourth quarter. Montanaro Asset Management Ltd now owns 115,161 shares of the semiconductor company's stock valued at $5,067,000 after acquiring an additional 870 shares during the last quarter. EntryPoint Capital LLC bought a new stake in FormFactor in the fourth quarter worth approximately $318,000. Vanguard Group Inc. raised its holdings in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after purchasing an additional 484,176 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of FormFactor in the 4th quarter valued at $704,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI lowered their target price 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. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Stifel Nicolaus reduced their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and lowered their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their price target for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $48.50.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the 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 transaction, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company's stock.

FormFactor Stock Performance

Shares of FORM traded up $0.52 during mid-day trading on Friday, hitting $26.75. The company's stock had a trading volume of 800,507 shares, compared to its average volume of 749,670. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63. The stock's 50-day moving average is $32.02 and its two-hundred day moving average is $39.18. The firm has a market capitalization of $2.07 billion, a PE ratio of 30.06 and a beta of 1.15. 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 (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 the consensus estimate 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 anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

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.