Headlands Technologies LLC Makes New Investment in FormFactor, Inc. (NASDAQ:FORM)

Headlands Technologies LLC bought a new position in FormFactor, Inc. (NASDAQ:FORM) during the 1st quarter, Holdings Channel.com reports. The fund bought 1,491 shares of the semiconductor company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also bought and sold shares of FORM. Wells Fargo & Company MN raised its stake in shares of FormFactor by 6.6% in the fourth quarter. Wells Fargo & Company MN now owns 284,778 shares of the semiconductor company’s stock worth $12,530,000 after buying an additional 17,571 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of FormFactor by 9.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 395,858 shares of the semiconductor company’s stock worth $17,418,000 after buying an additional 32,843 shares during the period. Bank of Montreal Can raised its stake in shares of FormFactor by 6.9% in the fourth quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company’s stock worth $417,000 after buying an additional 610 shares during the period. Advisory Services Network LLC bought a new position in shares of FormFactor in the fourth quarter worth about $202,000. Finally, Raymond James Financial Inc. bought a new position in shares of FormFactor in the fourth quarter worth about $14,222,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FormFactor

In other news, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director owned 40,957 shares in the company, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

FormFactor Price Performance

Shares of FormFactor stock opened at $29.82 on Wednesday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 53.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24. The stock has a 50 day moving average price of $33.54 and a 200-day moving average price of $32.25. FormFactor, Inc. has a one year low of $22.58 and a one year high of $51.68.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%. FormFactor’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. Equities analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

FORM has been the topic of several recent analyst reports. B. Riley lifted their target price on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Stifel Nicolaus decreased their target price on FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, July 31st. DA Davidson cut their price target on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Wall Street Zen cut FormFactor from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of FormFactor in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.14.

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.