Mirabella Financial Services LLP Buys 29,329 Shares of FormFactor, Inc. (NASDAQ:FORM)

Mirabella Financial Services LLP grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 119.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,883 shares of the semiconductor company’s stock after buying an additional 29,329 shares during the period. Mirabella Financial Services LLP owned approximately 0.07% of FormFactor worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FORM. Pinpoint Asset Management Ltd acquired a new position in FormFactor during the fourth quarter valued at approximately $43,000. Manchester Capital Management LLC raised its stake in FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after buying an additional 440 shares during the period. IFP Advisors Inc lifted its holdings in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 1,181 shares during the period. Finally, KBC Group NV increased its holdings in shares of FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 1,717 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $25.12 on Friday. The stock has a market capitalization of $1.95 billion, a PE ratio of 28.23 and a beta of 1.15. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63. The stock has a 50 day moving average price of $30.91 and a 200 day moving average price of $38.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61.

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 predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

FORM has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI dropped their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus reduced their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $34.00 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’s stock. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and an average price target of $48.50.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor 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 completion of the transaction, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. This trade represents 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 this hyperlink. 0.96% of the stock is owned by company insiders.

FormFactor Company 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.