Handelsbanken Fonder AB Raises Position in FormFactor, Inc. (NASDAQ:FORM)

Handelsbanken Fonder AB lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,060 shares of the semiconductor company’s stock after buying an additional 4,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in FormFactor were worth $712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in FormFactor by 2.4% in the third quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock valued at $341,007,000 after acquiring an additional 224,599 shares in the last quarter. Earnest Partners LLC grew its holdings in FormFactor by 1.2% during the 3rd quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock valued at $225,386,000 after purchasing an additional 78,466 shares in the last quarter. Sei Investments Co. increased its stake in FormFactor by 15.4% during the 3rd quarter. Sei Investments Co. now owns 1,286,351 shares of the semiconductor company’s stock worth $44,945,000 after buying an additional 171,712 shares during the period. Reinhart Partners LLC. lifted its holdings in FormFactor by 2.5% in the 3rd quarter. Reinhart Partners LLC. now owns 834,698 shares of the semiconductor company’s stock worth $29,164,000 after buying an additional 20,060 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in FormFactor by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock valued at $28,501,000 after buying an additional 45,248 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FormFactor

In other news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the sale, the chief financial officer now directly owns 67,141 shares in the company, valued at approximately $2,827,978.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the transaction, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at approximately $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock worth $1,223,580 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FORM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 target price on shares of FormFactor in a research report on Thursday, February 8th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. TD Cowen increased their target price on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Evercore ISI initiated coverage on shares of FormFactor in a research note on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus price target of $42.56.

FormFactor Stock Performance

Shares of FORM opened at $45.53 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. FormFactor, Inc. has a 12-month low of $24.88 and a 12-month high of $47.94. The business’s fifty day moving average price is $43.70 and its 200 day moving average price is $40.26. The stock has a market capitalization of $3.52 billion, a PE ratio of 42.95 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The company had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. Equities research analysts forecast that FormFactor, Inc. will post 0.63 EPS for the current 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.