Prudential Financial Inc. Sells 49,974 Shares of FormFactor, Inc. (NASDAQ:FORM)

Prudential Financial Inc. cut its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,172 shares of the semiconductor company's stock after selling 49,974 shares during the period. Prudential Financial Inc. owned 0.15% of FormFactor worth $4,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after acquiring an additional 484,176 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of FormFactor in the fourth quarter worth $704,000. Sei Investments Co. raised its position in shares of FormFactor by 34.5% in the fourth quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock worth $70,202,000 after buying an additional 409,304 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in FormFactor by 25.2% during the fourth quarter. Teacher Retirement System of Texas now owns 48,480 shares of the semiconductor company's stock valued at $2,133,000 after buying an additional 9,752 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in FormFactor during the fourth quarter worth about $177,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. This trade 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 is accessible through this hyperlink. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on FORM. Stifel Nicolaus lowered their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Evercore ISI cut 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. Citigroup upgraded shares of 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 report on Monday, January 6th. Finally, B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, FormFactor has an average rating of "Hold" and an average target price of $48.50.

FormFactor Trading Down 4.3 %

Shares of FORM stock traded down $1.08 on Friday, hitting $24.17. 1,496,503 shares of the company's stock traded hands, compared to its average volume of 728,034. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 27.16 and a beta of 1.08. The company's fifty day simple moving average is $33.84 and its 200 day simple moving average is $40.02. FormFactor, Inc. has a one year low of $22.84 and a one year 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.

FormFactor (NASDAQ:FORM - Get Free Report) last announced 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%. Equities analysts forecast 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.