FormFactor, Inc. (FORM) Holdings Lifted by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 391,747 shares of the semiconductor company’s stock after buying an additional 24,122 shares during the quarter. Panagora Asset Management Inc. owned 0.53% of FormFactor worth $5,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 552,888 shares during the period. Victory Capital Management Inc. grew its holdings in FormFactor by 12.1% during the second quarter. Victory Capital Management Inc. now owns 1,884,057 shares of the semiconductor company’s stock valued at $25,058,000 after purchasing an additional 203,451 shares during the period. IndexIQ Advisors LLC grew its holdings in FormFactor by 11.5% during the second quarter. IndexIQ Advisors LLC now owns 160,249 shares of the semiconductor company’s stock valued at $2,131,000 after purchasing an additional 16,534 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in FormFactor during the second quarter valued at about $205,000. Finally, Rhumbline Advisers grew its holdings in FormFactor by 6.8% during the second quarter. Rhumbline Advisers now owns 178,760 shares of the semiconductor company’s stock valued at $2,378,000 after purchasing an additional 11,378 shares during the period. Institutional investors own 95.91% of the company’s stock.

Several research firms have issued reports on FORM. BidaskClub raised FormFactor from a “sell” rating to a “hold” rating in a report on Friday, October 19th. Zacks Investment Research reissued a “sell” rating on shares of FormFactor in a report on Tuesday, November 13th. ValuEngine raised FormFactor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Sidoti lowered FormFactor from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $17.38.

NASDAQ FORM opened at $15.45 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.73 and a beta of 1.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.13 and a quick ratio of 2.35. FormFactor, Inc. has a twelve month low of $11.10 and a twelve month high of $17.15.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, October 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $135.00 million during the quarter, compared to analyst estimates of $133.13 million. FormFactor had a return on equity of 11.42% and a net margin of 4.71%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that FormFactor, Inc. will post 0.75 earnings per share for the current fiscal year.

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About FormFactor

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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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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