MIG Capital LLC Acquires Shares of 7,922 FormFactor, Inc. (NASDAQ:FORM)

MIG Capital LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 4th quarter, Holdings Channel reports. The fund bought 7,922 shares of the semiconductor company’s stock, valued at approximately $349,000. FormFactor makes up 0.0% of MIG Capital LLC’s portfolio, making the stock its 28th biggest position.

Several other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of FormFactor by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 44,850 shares of the semiconductor company’s stock worth $2,063,000 after acquiring an additional 1,457 shares during the period. FMR LLC grew its holdings in FormFactor by 1,255.5% in the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after buying an additional 107,837 shares in the last quarter. BNP Paribas Financial Markets increased its position in FormFactor by 23.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,588 shares of the semiconductor company’s stock worth $2,143,000 after buying an additional 8,709 shares during the period. Captrust Financial Advisors lifted its holdings in shares of FormFactor by 72.6% during the third quarter. Captrust Financial Advisors now owns 13,935 shares of the semiconductor company’s stock worth $641,000 after buying an additional 5,863 shares in the last quarter. Finally, Quarry LP boosted its position in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the period. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Down 4.3 %

FORM stock opened at $24.17 on Friday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 27.16 and a beta of 1.08. 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 50-day moving average price of $33.84 and a 200-day moving average price of $40.02. FormFactor, Inc. has a 12 month low of $22.84 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM) last issued 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 net margin of 9.12% and a return on equity of 5.93%. As a group, equities research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on FORM shares. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and cut their target price for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Finally, Evercore ISI decreased their price target 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.