FormFactor, Inc. (NASDAQ:FORM) Shares Bought by State of Wyoming

State of Wyoming grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 214.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,680 shares of the semiconductor company’s stock after buying an additional 6,603 shares during the period. State of Wyoming’s holdings in FormFactor were worth $426,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pinpoint Asset Management Ltd acquired a new stake in shares of FormFactor during the 4th quarter worth about $43,000. Manchester Capital Management LLC boosted its stake in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after buying an additional 440 shares during the period. IFP Advisors Inc increased its position in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 valued at $90,000 after acquiring an additional 1,181 shares during the period. Finally, KBC Group NV raised its stake in shares of FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 1,717 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Price Performance

FormFactor stock opened at $31.91 on Wednesday. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $63.63. The firm has a market cap of $2.46 billion, a PE ratio of 35.85 and a beta of 1.14. The company’s 50 day moving average is $28.95 and its two-hundred day moving average is $36.23.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. DA Davidson lowered their price objective on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Evercore ISI decreased their price target on FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, May 1st. Finally, B. Riley increased their target price on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.71.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the sale, the chief executive officer now directly owns 510,650 shares in the company, valued at approximately $16,197,818. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% 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.