Federated Hermes Inc. Lowers Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Federated Hermes Inc. lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,352 shares of the semiconductor company’s stock after selling 737 shares during the quarter. Federated Hermes Inc.’s holdings in FormFactor were worth $182,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FORM. Zurcher Kantonalbank Zurich Cantonalbank grew its position in FormFactor by 18.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,823 shares of the semiconductor company’s stock valued at $743,000 after acquiring an additional 2,725 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of FormFactor during the 4th quarter worth about $202,000. Louisiana State Employees Retirement System acquired a new stake in FormFactor during the 4th quarter worth approximately $1,623,000. Peregrine Capital Management LLC purchased a new position in FormFactor in the fourth quarter valued at approximately $5,967,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in FormFactor by 6.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,640 shares of the semiconductor company’s stock valued at $1,487,000 after buying an additional 2,044 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TheStreet raised shares of FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Craig Hallum boosted their price objective on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. B. Riley upped their target price on FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC raised their target price on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup upped their price target on FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.30.

FormFactor Trading Up 4.3 %

FORM opened at $54.00 on Monday. FormFactor, Inc. has a 12-month low of $24.88 and a 12-month high of $54.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.52. The stock has a market capitalization of $4.19 billion, a PE ratio of 40.91 and a beta of 1.15. The firm’s fifty day moving average price is $44.33 and its 200 day moving average price is $40.63.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The company had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. As a group, research analysts expect that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Shai Shahar sold 10,000 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other FormFactor news, 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 value of $421,200.00. Following the sale, the chief financial officer now owns 67,141 shares in the company, valued at $2,827,978.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the sale, the chief executive officer now directly owns 495,781 shares in the company, valued at approximately $22,776,179.14. The disclosure for this sale can be found here. Insiders have sold a total of 32,000 shares of company stock worth $1,398,580 over the last quarter. 0.96% of the stock is owned by company insiders.

FormFactor 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.