Cwm LLC Sells 812 Shares of FormFactor, Inc. (NASDAQ:FORM)

Cwm LLC lowered its position in FormFactor, Inc. (NASDAQ:FORM) by 29.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,949 shares of the semiconductor company’s stock after selling 812 shares during the period. Cwm LLC’s holdings in FormFactor were worth $81,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FORM. Vanguard Group Inc. grew its stake 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 during the period. Earnest Partners LLC lifted its stake in FormFactor by 1.2% in the third quarter. Earnest Partners LLC now owns 6,450,654 shares of the semiconductor company’s stock valued at $225,386,000 after buying an additional 78,466 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of FormFactor by 15.4% in the third quarter. Sei Investments Co. now owns 1,286,351 shares of the semiconductor company’s stock valued at $44,945,000 after buying an additional 171,712 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of FormFactor by 5.9% in the third 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 period. Finally, Envestnet Asset Management Inc. increased its position in shares of FormFactor by 124.3% during the third quarter. Envestnet Asset Management Inc. now owns 405,695 shares of the semiconductor company’s stock worth $14,175,000 after acquiring an additional 224,799 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FORM shares. B. Riley upped their target price on shares of FormFactor from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Evercore ISI began coverage on FormFactor in a research report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective for the company. TD Cowen lifted their target price on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Finally, Citigroup raised their price target on shares of FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, FormFactor currently has an average rating of “Hold” and a consensus price target of $47.30.

FormFactor Stock Up 1.4 %

NASDAQ:FORM opened at $56.03 on Wednesday. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 42.45 and a beta of 1.15. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $27.46 and a twelve month high of $56.98. The stock’s 50 day moving average price is $44.87 and its two-hundred day moving average price is $40.98.

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 the consensus estimate of $0.09. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. Equities research analysts expect that FormFactor, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the sale, the chief executive officer now directly owns 499,781 shares of the company’s stock, valued at approximately $21,680,499.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other FormFactor news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction on Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the completion of the transaction, the chief financial officer now directly owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total transaction of $173,520.00. Following the completion of the transaction, the chief executive officer now directly owns 499,781 shares in the company, valued at $21,680,499.78. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock valued at $1,398,580 in the last quarter. Company 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.