Vanguard Group Inc. Boosts Stake in FormFactor, Inc. (NASDAQ:FORM)

Vanguard Group Inc. grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,581,258 shares of the semiconductor company's stock after purchasing an additional 484,176 shares during the quarter. Vanguard Group Inc. owned about 13.66% of FormFactor worth $465,575,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in shares of FormFactor during the fourth quarter worth $704,000. Sei Investments Co. boosted its stake in FormFactor by 34.5% in the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock worth $70,202,000 after purchasing an additional 409,304 shares during the period. Teacher Retirement System of Texas increased its position in shares of 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. Harvest Fund Management Co. Ltd purchased a new position in FormFactor during the fourth quarter valued at approximately $177,000. Finally, Xponance Inc. increased its holdings in shares of FormFactor by 10.1% in the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

FormFactor Trading Down 4.3 %

FORM traded down $1.08 during trading on Friday, hitting $24.17. 1,496,503 shares of the stock traded hands, compared to its average volume of 728,034. The firm has a market capitalization of $1.87 billion, a P/E ratio of 27.16 and a beta of 1.08. FormFactor, Inc. has a 12-month low of $22.84 and a 12-month high of $63.63. 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 firm has a 50-day moving average of $33.84 and a 200 day moving average of $40.00.

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

Analysts Set New Price Targets

FORM has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and upped their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 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 research report on Thursday, February 6th. Finally, Evercore ISI reduced their price objective 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and an average target price of $48.50.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares in the company, valued at $14,533,716. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.