Pictet Asset Management Holding SA Purchases 1,614 Shares of FormFactor, Inc. (NASDAQ:FORM)

Pictet Asset Management Holding SA increased its position in FormFactor, Inc. (NASDAQ:FORM) by 16.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,290 shares of the semiconductor company’s stock after buying an additional 1,614 shares during the quarter. Pictet Asset Management Holding SA’s holdings in FormFactor were worth $497,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock worth $5,356,000 after acquiring an additional 107,837 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in FormFactor by 14.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 972 shares during the period. Barclays PLC grew its holdings in FormFactor by 351.9% during the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after buying an additional 113,296 shares in the last quarter. Franklin Resources Inc. raised its position in shares of FormFactor by 5.1% during the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after buying an additional 18,810 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after buying an additional 73,982 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FormFactor stock opened at $23.18 on Wednesday. The stock has a 50 day moving average price of $32.95 and a 200-day moving average price of $39.59. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 26.05 and a beta of 1.15. 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 posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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 analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on FORM shares. Stifel Nicolaus cut their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Evercore ISI cut their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, FormFactor currently has an average rating of “Hold” and an average target price of $48.50.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares in the company, valued at $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 available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

FormFactor 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.