FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,757,086 shares of the semiconductor company’s stock after purchasing an additional 406,768 shares during the period. FormFactor accounts for about 0.7% of Royce & Associates LP’s investment portfolio, making the stock its 14th largest position. Royce & Associates LP’s holdings in FormFactor were worth $77,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC boosted its position in FormFactor by 134.4% during the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after acquiring an additional 30,410 shares during the last quarter. FMR LLC grew its position in shares of FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after purchasing an additional 107,837 shares during the period. Citigroup Inc. increased its stake in FormFactor by 59.4% in the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock valued at $4,867,000 after purchasing an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in FormFactor by 14.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after buying an additional 972 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in FormFactor in the 3rd quarter worth about $818,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the transaction, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.96% of the company’s stock.

FormFactor Stock Up 4.6 %

Shares of NASDAQ FORM opened at $32.00 on Friday. The stock has a fifty day moving average price of $38.00 and a 200 day moving average price of $41.56. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $30.22 and a 12-month high of $63.63. The company has a market cap of $2.48 billion, a P/E ratio of 35.96 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last posted its 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 anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

FormFactor 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.