Handelsbanken Fonder AB Acquires 1,300 Shares of FormFactor, Inc. (NASDAQ:FORM)

Handelsbanken Fonder AB boosted its position in FormFactor, Inc. (NASDAQ:FORM) by 6.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,260 shares of the semiconductor company’s stock after purchasing an additional 1,300 shares during the period. Handelsbanken Fonder AB’s holdings in FormFactor were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of FORM. State Street Corp lifted its position in shares of FormFactor by 1.4% during the third 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 in the last quarter. Geode Capital Management LLC increased its stake in FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after acquiring an additional 73,982 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of FormFactor by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock valued at $48,928,000 after buying an additional 79,191 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FormFactor by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after buying an additional 32,889 shares during the last quarter. Finally, Needham Investment Management LLC grew its stake in shares of FormFactor by 8.6% during the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock valued at $28,520,000 after buying an additional 49,000 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 12,000 shares of company stock worth $496,040. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FORM. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Stifel Nicolaus dropped their target price 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. Finally, 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 report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, FormFactor has a consensus rating of “Hold” and an average target price of $48.50.

FormFactor Price Performance

FORM stock opened at $32.96 on Friday. The firm has a 50 day moving average price of $40.97 and a 200-day moving average price of $42.92. FormFactor, Inc. has a 52-week low of $32.71 and a 52-week high of $63.63. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 37.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Equities research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.