Madison Investment Advisors LLC Invests $4.65 Million in FormFactor, Inc. (NASDAQ:FORM)

Madison Investment Advisors LLC bought a new position in FormFactor, Inc. (NASDAQ:FORM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 105,606 shares of the semiconductor company’s stock, valued at approximately $4,647,000. Madison Investment Advisors LLC owned about 0.14% of FormFactor at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its stake in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP grew its stake in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 440 shares during the last quarter. IFP Advisors Inc boosted its position in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 1,609 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 1,181 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor 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 transaction, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

FormFactor Trading Down 3.6 %

FormFactor stock opened at $31.11 on Friday. The business has a 50-day simple moving average of $36.71 and a two-hundred day simple moving average of $41.04. The company has a market cap of $2.41 billion, a P/E ratio of 34.96 and a beta of 1.07. FormFactor, Inc. has a 52-week low of $30.22 and a 52-week high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data 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 net margin of 9.12% and a return on equity of 5.93%. Analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

FORM has been the topic of several recent analyst reports. Evercore ISI dropped 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. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report 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 report on Monday, January 6th. B. Riley cut 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 report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.50.

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.