Proficio Capital Partners LLC Takes $1.12 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Proficio Capital Partners LLC acquired a new position in FormFactor, Inc. (NASDAQ:FORM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,520 shares of the semiconductor company's stock, valued at approximately $1,123,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in shares of FormFactor by 24.8% in the third quarter. Quest Partners LLC now owns 7,702 shares of the semiconductor company's stock valued at $354,000 after acquiring an additional 1,529 shares in the last quarter. Jennison Associates LLC purchased a new position in FormFactor in the third quarter worth $783,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in FormFactor by 129.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,465 shares of the semiconductor company's stock valued at $3,793,000 after purchasing an additional 46,488 shares during the period. Advisors Asset Management Inc. increased its position in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of FormFactor by 46.8% during the 3rd quarter. Moran Wealth Management LLC now owns 9,955 shares of the semiconductor company's stock valued at $458,000 after purchasing an additional 3,174 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

FORM stock traded up $1.24 during midday trading on Monday, reaching $32.35. 761,104 shares of the company's stock traded hands, compared to its average volume of 876,807. The firm has a market capitalization of $2.51 billion, a PE ratio of 36.35 and a beta of 1.07. The company has a 50-day moving average price of $36.71 and a two-hundred day moving average price of $40.99. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week 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.

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FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data 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 net margin of 9.12% and a return on equity of 5.93%. As a group, equities analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FORM shares. Stifel Nicolaus cut their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and increased their target price for the company from $44.00 to $51.00 in a research 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 for the company in a research note on Thursday, February 6th. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and a consensus target price of $48.50.

Insider Buying and Selling at FormFactor

In other FormFactor 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 value of $177,760.00. Following the sale, the chief executive officer now 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 legal filing with the SEC, which is available at this link. Insiders own 0.96% of the company's stock.

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.