Wells Fargo & Company MN Has $12.53 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Wells Fargo & Company MN lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 284,778 shares of the semiconductor company’s stock after acquiring an additional 17,571 shares during the period. Wells Fargo & Company MN owned approximately 0.37% of FormFactor worth $12,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinpoint Asset Management Ltd acquired a new position in shares of FormFactor in the 4th quarter valued at $43,000. Manchester Capital Management LLC raised its position in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc lifted its stake in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 1,609 shares during the period. Smartleaf Asset Management LLC boosted its holdings in FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,181 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 1,717 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FORM. Stifel Nicolaus cut their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Evercore ISI cut their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, FormFactor currently has an average rating of “Hold” and an average price target of $48.50.

FormFactor Stock Performance

Shares of FormFactor stock opened at $27.11 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The firm has a 50 day simple moving average of $31.52 and a 200 day simple moving average of $38.91. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The firm has a market cap of $2.10 billion, a P/E ratio of 30.46 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Sell-side analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the sale, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently 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.