FormFactor, Inc. (NASDAQ:FORM) Holdings Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in FormFactor, Inc. (NASDAQ:FORM) by 27.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,428 shares of the semiconductor company’s stock after buying an additional 5,988 shares during the quarter. Avantax Advisory Services Inc.’s holdings in FormFactor were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Algert Global LLC boosted its position in FormFactor by 134.4% during the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock valued at $2,440,000 after purchasing an additional 30,410 shares during the period. FMR LLC boosted its holdings in shares of FormFactor by 1,255.5% during the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after acquiring an additional 107,837 shares during the period. Citigroup Inc. grew its position in shares of FormFactor by 59.4% during the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after acquiring an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FormFactor by 14.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 972 shares during the period. Finally, Intech Investment Management LLC bought a new stake in FormFactor in the 3rd quarter valued at about $818,000. 98.76% of the stock is owned by institutional investors.

FormFactor Price Performance

Shares of FormFactor stock opened at $32.63 on Thursday. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week 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 company’s 50-day moving average price is $37.21 and its two-hundred day moving average price is $41.22. The stock has a market cap of $2.53 billion, a PE ratio of 36.66 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 net margin of 9.12% and a return on equity of 5.93%. As a group, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on FORM. B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Evercore ISI reduced 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.50.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.96% of the company’s stock.

FormFactor 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.