Natixis Advisors L.P. boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM – Free Report) by 29.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 108,589 shares of the semiconductor company’s stock after buying an additional 25,000 shares during the period. Natixis Advisors L.P. owned approximately 0.14% of FormFactor worth $3,459,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of FormFactor during the first quarter worth about $63,000. Tower Research Capital LLC TRC grew its stake in shares of FormFactor by 247.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 1,771 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of FormFactor by 10.0% in the first quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 281 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of FormFactor by 16.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,690 shares of the semiconductor company’s stock worth $149,000 after purchasing an additional 962 shares in the last quarter. Finally, Ellevest Inc. boosted its holdings in FormFactor by 100.9% during the first quarter. Ellevest Inc. now owns 4,973 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 2,498 shares during the last quarter. Institutional investors own 93.64% of the company’s stock.
Wall Street Analyst Weigh In
FORM has been the topic of several analyst reports. Craig Hallum boosted their price target on shares of FormFactor from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Northland Securities increased their price target on FormFactor from $32.00 to $35.00 in a research report on Thursday, August 3rd. DA Davidson boosted their price target on FormFactor from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus upped their price objective on FormFactor from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com began coverage on shares of FormFactor in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, FormFactor has an average rating of “Hold” and a consensus price target of $38.00.
FormFactor Stock Down 0.5 %
FormFactor stock opened at $35.13 on Friday. The stock has a market cap of $2.73 billion, a P/E ratio of -390.33 and a beta of 1.24. The company’s 50-day moving average price is $33.57 and its two-hundred day moving average price is $31.13. The company has a quick ratio of 2.88, a current ratio of 3.85 and a debt-to-equity ratio of 0.02. FormFactor, Inc. has a twelve month low of $18.15 and a twelve month high of $37.74.
FormFactor (NASDAQ:FORM – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). FormFactor had a positive return on equity of 1.78% and a negative net margin of 1.08%. The firm had revenue of $155.92 million for the quarter, compared to analyst estimates of $162.05 million. As a group, analysts expect that FormFactor, Inc. will post 0.29 EPS for the current year.
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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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