Nebula Research & Development LLC Cuts Stake in FormFactor, Inc. (NASDAQ:FORM)

Nebula Research & Development LLC lessened its stake in FormFactor, Inc. (NASDAQ:FORM) by 7.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,890 shares of the semiconductor company’s stock after selling 868 shares during the quarter. Nebula Research & Development LLC’s holdings in FormFactor were worth $479,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in FormFactor by 351.9% during the 3rd 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 during the last quarter. Franklin Resources Inc. boosted its position in shares of FormFactor by 5.1% during the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after buying an additional 18,810 shares during the last quarter. 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 buying an additional 972 shares in the last quarter. Reinhart Partners LLC. raised its position in FormFactor by 4.4% in the 4th quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock worth $19,510,000 after buying an additional 18,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in FormFactor by 19.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company’s stock valued at $11,040,000 after acquiring an additional 40,612 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

FORM opened at $27.91 on Wednesday. The company has a 50 day simple moving average of $29.49 and a two-hundred day simple moving average of $37.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The firm has a market cap of $2.15 billion, a P/E ratio of 31.36 and a beta of 1.15. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63.

FormFactor (NASDAQ:FORM) last issued 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 return on equity of 5.93% and a net margin of 9.12%. Equities analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.