Quadrant Capital Group LLC Sells 948 Shares of FormFactor, Inc. (NASDAQ:FORM)

Quadrant Capital Group LLC lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 41.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,334 shares of the semiconductor company’s stock after selling 948 shares during the quarter. Quadrant Capital Group LLC’s holdings in FormFactor were worth $59,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FORM. D.A. Davidson & CO. lifted its position in shares of FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after buying an additional 288 shares during the last quarter. Aviva PLC lifted its holdings in FormFactor by 2.3% during the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 331 shares during the last quarter. Manchester Capital Management LLC boosted its position in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares during the period. Xponance Inc. increased its stake in shares of FormFactor by 10.1% in the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 511 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of FormFactor by 10.2% in the fourth quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 617 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FORM. Evercore ISI cut their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, FormFactor has a consensus rating of “Hold” and an average price target of $48.50.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the 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 in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

FormFactor Price Performance

FormFactor stock opened at $26.75 on Friday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 30.06 and a beta of 1.15. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $32.02 and a 200 day simple moving average of $39.18. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63.

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 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%. On average, research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.