FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,799,064 shares of the semiconductor company’s stock after selling 39,100 shares during the quarter. Primecap Management Co. CA’s holdings in FormFactor were worth $123,159,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP grew its position in FormFactor by 30.1% in the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock worth $77,312,000 after acquiring an additional 406,768 shares during the period. Raymond James Financial Inc. acquired a new position in shares of FormFactor in the 4th quarter valued at $14,222,000. Channing Capital Management LLC grew its holdings in shares of FormFactor by 10.3% during the 4th quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company’s stock worth $67,225,000 after purchasing an additional 142,776 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of FormFactor by 91.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company’s stock worth $11,396,000 after purchasing an additional 123,333 shares during the last quarter. Finally, Barclays PLC raised its holdings in FormFactor by 351.9% in the 3rd 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 period. 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 on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. 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 accessible through the SEC website. Insiders own 0.96% of the company’s stock.

FormFactor Stock Performance

NASDAQ:FORM opened at $32.82 on Wednesday. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week high of $63.63. The company has a fifty day simple moving average of $37.44 and a two-hundred day simple moving average of $41.28. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 36.88 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last released its earnings results 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%. As a group, equities analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FORM has been the subject of several research analyst reports. Evercore ISI lowered 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 note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Thursday, February 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. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.50.

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.