ProShare Advisors LLC Purchases 7,183 Shares of FormFactor, Inc. (NASDAQ:FORM)

ProShare Advisors LLC boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 44.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,334 shares of the semiconductor company’s stock after acquiring an additional 7,183 shares during the period. ProShare Advisors LLC’s holdings in FormFactor were worth $1,027,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FORM. Alliancebernstein L.P. increased its holdings in FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after purchasing an additional 1,742,493 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after buying an additional 594,426 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock worth $111,861,000 after buying an additional 585,117 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of FormFactor by 138.2% during the 4th quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company’s stock worth $43,205,000 after buying an additional 569,677 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock worth $465,575,000 after buying an additional 484,176 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

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

FormFactor Trading Down 2.1%

Shares of NASDAQ:FORM opened at $30.78 on Friday. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $63.63. The company has a market capitalization of $2.37 billion, a P/E ratio of 34.58 and a beta of 1.14. The company has a 50-day simple moving average of $28.90 and a 200 day simple moving average of $36.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The business had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same period last year, the business posted $0.18 EPS. FormFactor’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares of the company’s stock, valued at $14,533,716. This represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

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.