Invesco Ltd. Sells 197,809 Shares of FormFactor, Inc. (NASDAQ:FORM)

Invesco Ltd. lowered its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 20.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 774,577 shares of the semiconductor company’s stock after selling 197,809 shares during the period. Invesco Ltd. owned about 1.00% of FormFactor worth $34,081,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of FormFactor by 351.9% during the third 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 during the last quarter. Geode Capital Management LLC grew its position in FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after acquiring an additional 73,982 shares during the last quarter. Franklin Resources Inc. increased its stake in FormFactor by 5.1% in the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock worth $18,940,000 after purchasing an additional 18,810 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 972 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of FormFactor by 4.4% during the fourth quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock valued at $19,510,000 after purchasing an additional 18,561 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FormFactor stock opened at $25.93 on Thursday. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The firm has a market capitalization of $2.01 billion, a P/E ratio of 29.14 and a beta of 1.15. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $31.32 and a two-hundred day simple moving average of $38.82.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate 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 analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on FORM shares. B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Evercore ISI decreased their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

Insiders Place Their Bets

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

FormFactor Company 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.