Wells Fargo & Company MN Has $12.53 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Wells Fargo & Company MN grew its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 284,778 shares of the semiconductor company's stock after purchasing an additional 17,571 shares during the period. Wells Fargo & Company MN owned approximately 0.37% of FormFactor worth $12,530,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Pinpoint Asset Management Ltd bought a new stake in FormFactor during the fourth quarter worth approximately $43,000. Manchester Capital Management LLC raised its position in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 440 shares in the last quarter. IFP Advisors Inc lifted its holdings in FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 valued at $90,000 after purchasing an additional 1,181 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 1,717 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling

In other 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 directly owns 514,650 shares in the company, valued at $14,533,716. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.

FormFactor Stock Down 3.1 %

Shares of FORM stock traded down $0.81 on Friday, hitting $25.12. The company's stock had a trading volume of 1,579,882 shares, compared to its average volume of 759,505. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 28.23 and a beta of 1.15. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The firm's fifty day moving average price is $30.91 and its 200-day moving average price is $38.54. 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 (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 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%. Research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and raised their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, 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. 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 MarketBeat, FormFactor presently has a consensus rating of "Hold" and a consensus price target of $48.50.

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.