FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its stake in FormFactor, Inc. (NASDAQ:FORM) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,870,056 shares of the semiconductor company’s stock after acquiring an additional 112,970 shares during the period. FormFactor accounts for approximately 0.6% of Royce & Associates LP’s portfolio, making the stock its 25th largest position. Royce & Associates LP owned approximately 2.43% of FormFactor worth $52,904,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in shares of FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock valued at $137,050,000 after buying an additional 1,742,493 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of FormFactor by 82.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock valued at $55,554,000 after buying an additional 885,617 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of FormFactor by 160.6% in the first quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company’s stock valued at $32,692,000 after buying an additional 712,196 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock valued at $265,632,000 after buying an additional 594,426 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock valued at $111,861,000 after buying an additional 585,117 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson cut their price target on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Evercore ISI cut their price target on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a report on Thursday, May 1st. Finally, B. Riley increased their price target on shares of FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and a consensus target price of $42.71.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred 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 directly owned 510,650 shares in the company, valued at $16,197,818. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the completion of the sale, the director owned 40,957 shares in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

FormFactor Price Performance

FormFactor stock traded up $0.17 during mid-day trading on Thursday, reaching $34.55. The company had a trading volume of 64,633 shares, compared to its average volume of 800,119. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $56.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.45 and a quick ratio of 3.56. The company has a market capitalization of $2.66 billion, a P/E ratio of 50.07 and a beta of 1.15. The stock’s 50-day simple moving average is $33.65 and its 200-day simple moving average is $33.58.

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 analysts’ consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. The company had revenue of $171.36 million during the quarter, compared to analysts’ expectations of $170.03 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

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.