Cerity Partners LLC Sells 2,207 Shares of FormFactor, Inc. (NASDAQ:FORM)

Cerity Partners LLC lowered its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,508 shares of the semiconductor company’s stock after selling 2,207 shares during the period. Cerity Partners LLC’s holdings in FormFactor were worth $851,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FORM. Barclays PLC boosted its holdings in shares of FormFactor by 351.9% during the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after purchasing an additional 113,296 shares during the period. Franklin Resources Inc. lifted its holdings in FormFactor by 5.1% in the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock worth $18,940,000 after buying an additional 18,810 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of FormFactor by 14.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after buying an additional 972 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of FormFactor by 4.4% during the fourth quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock valued at $19,510,000 after buying an additional 18,561 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of FormFactor by 19.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company’s stock valued at $11,040,000 after acquiring an additional 40,612 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the transaction, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.96% of the company’s stock.

FormFactor Stock Down 3.1 %

NASDAQ:FORM opened at $25.12 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The firm has a market cap of $1.95 billion, a P/E ratio of 28.23 and a beta of 1.15. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The firm has a 50-day simple moving average of $30.91 and a two-hundred day simple moving average of $38.50.

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

Analyst Ratings Changes

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

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.