Franklin Resources Inc. Raises Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Franklin Resources Inc. grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,219 shares of the semiconductor company’s stock after acquiring an additional 8,475 shares during the period. Franklin Resources Inc.’s holdings in FormFactor were worth $17,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in FormFactor by 1,255.5% in the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock worth $5,356,000 after purchasing an additional 107,837 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after buying an additional 972 shares in the last quarter. Barclays PLC boosted its stake in FormFactor by 351.9% during the third 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 last quarter. Geode Capital Management LLC grew its holdings in FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after buying an additional 73,982 shares in the last quarter. Finally, State Street Corp increased its stake in FormFactor by 1.4% in 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 last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value of $112,960.00. Following the transaction, the chief executive officer now owns 514,650 shares of the company’s stock, valued at $14,533,716. This represents 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 through the SEC website. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of recent research reports. Citigroup raised shares of 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 report on Monday, January 6th. B. Riley downgraded shares of 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. Stifel Nicolaus lowered their price target 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. Evercore ISI reduced their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Hold” and a consensus target price of $48.50.

FormFactor Trading Up 0.8 %

Shares of NASDAQ FORM opened at $24.37 on Tuesday. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. 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 company has a market cap of $1.89 billion, a price-to-earnings ratio of 27.38 and a beta of 1.15. The business’s 50 day moving average price is $33.56 and its 200-day moving average price is $39.85.

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 analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, sell-side analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.