25,520 Shares in FormFactor, Inc. (NASDAQ:FORM) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,520 shares of the semiconductor company's stock, valued at approximately $1,123,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FORM. Wealth Enhancement Advisory Services LLC increased its position in shares of FormFactor by 9.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,898 shares of the semiconductor company's stock worth $317,000 after purchasing an additional 573 shares during the last quarter. US Bancorp DE lifted its holdings in shares of FormFactor by 55.9% during the 3rd quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company's stock worth $156,000 after acquiring an additional 1,219 shares during the last quarter. Janney Montgomery Scott LLC grew its position in FormFactor by 348.5% in the third quarter. Janney Montgomery Scott LLC now owns 31,015 shares of the semiconductor company's stock worth $1,427,000 after acquiring an additional 24,100 shares in the last quarter. Olympiad Research LP purchased a new stake in FormFactor during the third quarter valued at about $330,000. Finally, TimesSquare Capital Management LLC lifted its stake in FormFactor by 29.6% during the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company's stock worth $26,988,000 after purchasing an additional 134,170 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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FormFactor Trading Down 6.5 %

NASDAQ:FORM traded down $2.12 during trading hours on Tuesday, hitting $30.74. The company had a trading volume of 924,368 shares, compared to its average volume of 904,293. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week high of $63.63. The company has a market capitalization of $2.38 billion, a PE ratio of 34.54 and a beta of 1.07. The stock has a 50-day moving average price of $39.05 and a 200 day moving average price of $42.05.

FormFactor (NASDAQ:FORM - Get Free Report) last released 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, equities research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FORM shares. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and lowered their price objective for the stock 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 on the stock in a report on Thursday, February 6th. Finally, 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 research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $48.50.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's 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 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 Securities & Exchange Commission, which can be accessed through 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.