Fisher Asset Management LLC decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 29.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 243,133 shares of the semiconductor company’s stock after selling 99,865 shares during the period. Fisher Asset Management LLC owned 0.33% of FormFactor worth $3,343,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in FormFactor by 602.1% during the first quarter. JPMorgan Chase & Co. now owns 167,091 shares of the semiconductor company’s stock valued at $2,281,000 after buying an additional 143,291 shares in the last quarter. Principal Financial Group Inc. boosted its stake in FormFactor by 1,172.4% during the first quarter. Principal Financial Group Inc. now owns 600,047 shares of the semiconductor company’s stock valued at $8,191,000 after buying an additional 552,888 shares in the last quarter. Guggenheim Capital LLC bought a new position in FormFactor during the first quarter valued at about $2,776,000. Legal & General Group Plc boosted its stake in FormFactor by 637.0% during the first quarter. Legal & General Group Plc now owns 135,072 shares of the semiconductor company’s stock valued at $1,834,000 after buying an additional 116,745 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in FormFactor during the first quarter valued at about $171,000. 93.42% of the stock is owned by institutional investors and hedge funds.
In related news, Director Michael W. Zellner sold 11,000 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $13.49, for a total value of $148,390.00. Following the completion of the transaction, the director now owns 41,875 shares in the company, valued at approximately $564,893.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Delateur sold 6,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $14.07, for a total value of $84,420.00. Following the completion of the transaction, the director now owns 13,000 shares of the company’s stock, valued at approximately $182,910. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several research analysts recently weighed in on the company. ValuEngine raised FormFactor from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet raised FormFactor from a “c+” rating to a “b” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised FormFactor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. BidaskClub cut FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 6th. Finally, B. Riley decreased their price target on FormFactor from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.38.
NASDAQ:FORM opened at $16.04 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.25. FormFactor, Inc. has a 1-year low of $11.10 and a 1-year high of $18.65. The firm has a market capitalization of $890.04 million, a P/E ratio of 16.04, a P/E/G ratio of 1.38 and a beta of 1.33.
FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. FormFactor had a return on equity of 12.77% and a net margin of 5.55%. The business had revenue of $135.00 million during the quarter, compared to analyst estimates of $133.13 million. During the same quarter last year, the company posted $0.34 EPS. FormFactor’s revenue for the quarter was down 6.1% on a year-over-year basis. Research analysts expect that FormFactor, Inc. will post 0.73 EPS for the current fiscal year.
FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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