Captrust Financial Advisors Has $579,000 Stake in FormFactor, Inc. (NASDAQ:FORM)

Captrust Financial Advisors reduced its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,170 shares of the semiconductor company’s stock after selling 765 shares during the period. Captrust Financial Advisors’ holdings in FormFactor were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in FormFactor by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after buying an additional 484,176 shares in the last quarter. Earnest Partners LLC boosted its position in shares of FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock valued at $265,632,000 after acquiring an additional 594,426 shares during the period. Alliancebernstein L.P. grew its stake in shares of FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock valued at $137,050,000 after acquiring an additional 1,742,493 shares in the last quarter. Bank of America Corp DE grew its stake in shares of FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock valued at $111,861,000 after acquiring an additional 585,117 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in FormFactor by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company’s stock worth $92,577,000 after acquiring an additional 36,438 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $32.06 on Monday. The firm has a 50 day moving average of $28.90 and a 200-day moving average of $36.30. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. 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 stock has a market capitalization of $2.47 billion, a PE ratio of 36.02 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The business had revenue of $171.36 million for the quarter, compared to analysts’ expectations of $170.03 million. During the same period last year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on FORM shares. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. DA Davidson cut their price target on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. B. Riley increased their price target on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, Evercore ISI lowered their price objective on FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.71.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 514,650 shares of the company’s stock, valued at $14,533,716. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.90% 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.