Wellington Management Group LLP Lowers Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Wellington Management Group LLP trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,158,363 shares of the semiconductor company's stock after selling 27,911 shares during the quarter. Wellington Management Group LLP owned approximately 1.50% of FormFactor worth $50,968,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Pictet Asset Management Holding SA raised its stake in shares of FormFactor by 16.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,290 shares of the semiconductor company's stock worth $497,000 after buying an additional 1,614 shares during the period. Norges Bank acquired a new position in shares of FormFactor during the 4th quarter worth approximately $12,446,000. JPMorgan Chase & Co. raised its stake in shares of FormFactor by 118.1% during the 4th quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company's stock worth $22,414,000 after buying an additional 275,824 shares during the period. Montanaro Asset Management Ltd raised its stake in shares of FormFactor by 0.8% during the 4th quarter. Montanaro Asset Management Ltd now owns 115,161 shares of the semiconductor company's stock worth $5,067,000 after buying an additional 870 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of FormFactor during the 4th quarter worth approximately $318,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm's 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.96% of the company's stock.

Analyst Ratings Changes

FORM has been the subject of several recent research reports. Evercore ISI reduced their price objective on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus reduced their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $48.50.

FormFactor Trading Down 14.8 %

FormFactor stock traded down $4.42 during midday trading on Thursday, reaching $25.34. 336,194 shares of the stock traded hands, compared to its average volume of 740,190. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.97 billion, a PE ratio of 28.89 and a beta of 1.15. The company has a 50-day simple moving average of $32.54 and a two-hundred day simple moving average of $39.42. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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 net margin of 9.12% and a return on equity of 5.93%. Research analysts expect that FormFactor, Inc. will post 0.9 earnings per share 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.