Royce & Associates LP Boosts Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Royce & Associates LP boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,757,086 shares of the semiconductor company's stock after acquiring an additional 406,768 shares during the quarter. FormFactor accounts for 0.7% of Royce & Associates LP's portfolio, making the stock its 14th biggest holding. Royce & Associates LP owned about 2.27% of FormFactor worth $77,312,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of FormFactor by 99.4% in 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. Quarry LP lifted its holdings in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC increased its holdings in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 440 shares during the period. IFP Advisors Inc raised its position in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 1,609 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 1,181 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

FORM has been the topic of several analyst reports. Stifel Nicolaus cut their target price on 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 reduced their price objective for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Evercore ISI reduced their price target on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $48.50.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares of the company's stock, valued at approximately $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

FormFactor stock traded down $0.36 during trading hours on Thursday, hitting $32.27. 456,537 shares of the stock traded hands, compared to its average volume of 686,010. The firm's 50 day moving average price is $37.21 and its 200-day moving average price is $41.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 36.26 and a beta of 1.07. FormFactor, Inc. has a 1 year low of $30.22 and a 1 year high of $63.63.

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

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.