Brevan Howard Capital Management LP Increases Stake in FormFactor, Inc. (NASDAQ:FORM)

Brevan Howard Capital Management LP raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 76.7% during the 4th quarter, HoldingsChannel reports. The fund owned 8,179 shares of the semiconductor company’s stock after acquiring an additional 3,551 shares during the quarter. Brevan Howard Capital Management LP’s holdings in FormFactor were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position 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 purchasing an additional 113,296 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of FormFactor by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after acquiring an additional 18,810 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in 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 in the last quarter. Reinhart Partners LLC. raised its stake in FormFactor by 4.4% during the 4th quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock worth $19,510,000 after acquiring an additional 18,561 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in FormFactor by 19.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company’s stock valued at $11,040,000 after purchasing an additional 40,612 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief executive officer now owns 510,650 shares of the company’s stock, valued at approximately $16,197,818. The trade was a 0.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FORM. B. Riley raised their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Evercore ISI dropped their price objective on FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research note on Thursday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, DA Davidson reduced their price objective on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.71.

FormFactor Stock Down 0.5 %

NASDAQ FORM opened at $29.81 on Friday. The stock has a 50 day moving average price of $28.86 and a 200-day moving average price of $36.72. FormFactor, Inc. has a one year low of $22.58 and a one year 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 capitalization of $2.30 billion, a P/E ratio of 33.49 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $171.36 million during the quarter, compared to analysts’ expectations of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. As a group, equities analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal 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.