Intech Investment Management LLC Buys 27,550 Shares of FormFactor, Inc. (NASDAQ:FORM)

Intech Investment Management LLC boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 154.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,337 shares of the semiconductor company’s stock after purchasing an additional 27,550 shares during the period. Intech Investment Management LLC’s holdings in FormFactor were worth $1,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FORM. Advisors Asset Management Inc. increased its position in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 309 shares in the last quarter. Quarry LP increased its holdings in shares of FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,181 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FORM shares. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI cut their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus cut their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Price Performance

NASDAQ FORM opened at $32.27 on Friday. The company has a market capitalization of $2.50 billion, a PE ratio of 36.26 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. The business’s fifty day moving average is $36.97 and its 200 day moving average is $41.16. FormFactor, Inc. has a fifty-two week low of $30.22 and a fifty-two week high of $63.63.

FormFactor (NASDAQ:FORM) last released its earnings results 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 net margin of 9.12% and a return on equity of 5.93%. Sell-side analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.