Envestnet Asset Management Inc. Has $17.42 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Envestnet Asset Management Inc. grew its position in FormFactor, Inc. (NASDAQ:FORM) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 395,858 shares of the semiconductor company’s stock after purchasing an additional 32,843 shares during the quarter. Envestnet Asset Management Inc.’s holdings in FormFactor were worth $17,418,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FORM. Pinpoint Asset Management Ltd acquired a new stake in shares of FormFactor during the fourth quarter worth approximately $43,000. Manchester Capital Management LLC boosted its holdings in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 440 shares in the last quarter. IFP Advisors Inc grew its position in FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in FormFactor by 146.7% during the 4th 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 raised its position in FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 1,717 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of several research analyst reports. Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.50.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $27.11 on Wednesday. The firm has a market cap of $2.10 billion, a P/E ratio of 30.46 and a beta of 1.15. The business’s 50 day moving average is $31.52 and its 200-day moving average is $38.91. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) 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%. Equities research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by 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.