Federated Hermes Inc. Has $1.57 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Federated Hermes Inc. trimmed its stake in FormFactor, Inc. (NASDAQ:FORM) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,719 shares of the semiconductor company’s stock after selling 5,817 shares during the period. Federated Hermes Inc.’s holdings in FormFactor were worth $1,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pinpoint Asset Management Ltd acquired a new stake in FormFactor during the fourth quarter worth about $43,000. Manchester Capital Management LLC grew its holdings in shares of 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 purchasing an additional 440 shares in the last quarter. IFP Advisors Inc increased its position in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,609 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of 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 purchasing an additional 1,181 shares in the last quarter. Finally, KBC Group NV lifted its position in 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 purchasing an additional 1,717 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $27.14 on Tuesday. The business has a fifty day moving average of $31.74 and a 200-day moving average of $38.99. 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, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The firm has a market cap of $2.11 billion, a PE ratio of 30.49 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last announced its earnings results 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 return on equity of 5.93% and a net margin of 9.12%. On average, equities research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.