Algert Global LLC Sells 12,797 Shares of FormFactor, Inc. (NASDAQ:FORM)

Algert Global LLC reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 24.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,240 shares of the semiconductor company’s stock after selling 12,797 shares during the quarter. Algert Global LLC’s holdings in FormFactor were worth $1,771,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pinpoint Asset Management Ltd acquired a new position in FormFactor in the 4th quarter valued at $43,000. Manchester Capital Management LLC raised its stake in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc lifted its position in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 1,609 shares during the period. Smartleaf Asset Management LLC grew its stake in FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after buying an additional 1,181 shares in the last quarter. Finally, KBC Group NV increased its holdings in 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 buying an additional 1,717 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

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

FormFactor Price Performance

Shares of FORM opened at $29.81 on Friday. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.30 billion, a PE ratio of 33.49 and a beta of 1.14. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63. The business has a 50-day simple moving average of $28.86 and a two-hundred day simple moving average of $36.77.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. During the same quarter last year, the business earned $0.18 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction 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 directly owns 510,650 shares of the company’s stock, valued at $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 is available at this hyperlink. Insiders own 0.96% of the company’s stock.

FormFactor Company 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.