Xponance Inc. Buys 511 Shares of FormFactor, Inc. (NASDAQ:FORM)

Xponance Inc. grew its stake in FormFactor, Inc. (NASDAQ:FORM) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,582 shares of the semiconductor company’s stock after acquiring an additional 511 shares during the quarter. Xponance Inc.’s holdings in FormFactor were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. raised its position in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Intech Investment Management LLC bought a new stake in FormFactor during the 3rd quarter valued at about $818,000. Charles Schwab Investment Management Inc. raised its holdings in FormFactor by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock worth $40,761,000 after buying an additional 32,889 shares during the last quarter. Citigroup Inc. lifted its stake in shares of FormFactor by 59.4% in the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after buying an additional 39,419 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of FormFactor by 27.3% during the third quarter. Cerity Partners LLC now owns 20,715 shares of the semiconductor company’s stock valued at $953,000 after buying an additional 4,438 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares in the company, valued at approximately $23,221,277.64. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by company insiders.

FormFactor Price Performance

NASDAQ FORM opened at $28.64 on Friday. The company has a 50-day moving average price of $35.45 and a 200-day moving average price of $40.59. FormFactor, Inc. has a 52 week low of $28.45 and a 52 week high of $63.63. 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 firm has a market capitalization of $2.22 billion, a P/E ratio of 32.18 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Equities research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

FORM has been the subject of a number of recent analyst reports. Evercore ISI decreased 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. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $34.00 in a research report 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 report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus price target 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.