Advisory Services Network LLC Buys Shares of 4,594 FormFactor, Inc. (NASDAQ:FORM)

Advisory Services Network LLC purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,594 shares of the semiconductor company’s stock, valued at approximately $202,000.

Several other institutional investors have also made changes to their positions in FORM. Pinpoint Asset Management Ltd bought a new position in FormFactor during the fourth quarter valued at approximately $43,000. Manchester Capital Management LLC raised its holdings in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of 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 purchasing an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,181 shares in the last quarter. Finally, KBC Group NV increased its position in FormFactor by 90.0% during the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock worth $160,000 after buying an additional 1,717 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

FormFactor Price Performance

NASDAQ:FORM opened at $25.12 on Friday. 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, Inc. has a one year low of $22.58 and a one year high of $63.63. The company has a fifty day moving average price of $30.91 and a 200 day moving average price of $38.50. The stock has a market cap of $1.95 billion, a P/E ratio of 28.23 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last released its earnings results 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 net margin of 9.12% and a return on equity of 5.93%. Analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Stifel Nicolaus lowered their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI cut their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research 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. Based on data from MarketBeat, FormFactor currently has an average rating of “Hold” and a consensus target price 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.