Blue Trust Inc. Purchases 1,806 Shares of FormFactor, Inc. (NASDAQ:FORM)

Blue Trust Inc. increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 29.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,874 shares of the semiconductor company’s stock after purchasing an additional 1,806 shares during the period. Blue Trust Inc.’s holdings in FormFactor were worth $346,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of FormFactor by 1.4% during the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock worth $134,019,000 after acquiring an additional 39,784 shares during the period. Geode Capital Management LLC boosted its position in FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after purchasing an additional 73,982 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock worth $48,928,000 after buying an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of FormFactor by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock worth $40,761,000 after buying an additional 32,889 shares during the period. Finally, Needham Investment Management LLC boosted its holdings in shares of FormFactor by 8.6% during the 3rd quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock worth $28,520,000 after buying an additional 49,000 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Up 0.6 %

NASDAQ FORM opened at $38.02 on Wednesday. The business has a fifty day moving average price of $42.12 and a two-hundred day moving average price of $43.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.94. FormFactor, Inc. has a fifty-two week low of $32.71 and a fifty-two week high of $63.63. The stock has a market capitalization of $2.94 billion, a PE ratio of 42.71 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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%. Equities analysts expect that FormFactor, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FORM shares. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Evercore ISI reduced their target price 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. Finally, Stifel Nicolaus cut their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.50.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is currently owned by insiders.

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.