Sora Investors LLC Buys 154,740 Shares of FormFactor, Inc. (NASDAQ:FORM)

Sora Investors LLC increased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 77.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 354,740 shares of the semiconductor company’s stock after buying an additional 154,740 shares during the quarter. FormFactor comprises about 1.7% of Sora Investors LLC’s portfolio, making the stock its 23rd biggest position. Sora Investors LLC’s holdings in FormFactor were worth $15,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in FormFactor by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 23,334 shares of the semiconductor company’s stock worth $1,027,000 after acquiring an additional 7,183 shares during the period. Needham Investment Management LLC boosted its position in FormFactor by 0.9% during the fourth quarter. Needham Investment Management LLC now owns 625,500 shares of the semiconductor company’s stock worth $27,522,000 after purchasing an additional 5,500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FormFactor by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,071 shares of the semiconductor company’s stock valued at $1,939,000 after acquiring an additional 1,682 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of FormFactor by 180.9% in the fourth quarter. Lazard Asset Management LLC now owns 52,759 shares of the semiconductor company’s stock worth $2,321,000 after acquiring an additional 33,978 shares during the period. Finally, Ellevest Inc. grew its position in shares of FormFactor by 7.1% in the fourth quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FORM. DA Davidson cut their target price on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Evercore ISI lowered their target price on shares of 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 reduced their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, B. Riley boosted their target price on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.71.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 510,650 shares of the company’s stock, valued at $16,197,818. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

FormFactor Stock Down 1.4%

Shares of FORM opened at $32.82 on Friday. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. 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 stock has a 50 day simple moving average of $28.87 and a two-hundred day simple moving average of $36.46. The firm has a market cap of $2.53 billion, a P/E ratio of 36.88 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The company had revenue of $171.36 million for the quarter, compared to analysts’ expectations of $170.03 million. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that FormFactor, Inc. will post 0.9 earnings per share 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.