FormFactor, Inc. (NASDAQ:FORM) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 70.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,308 shares of the semiconductor company’s stock after selling 31,945 shares during the period. LPL Financial LLC’s holdings in FormFactor were worth $586,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FORM. D.A. Davidson & CO. grew its position in shares of FormFactor by 5.5% in the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 288 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 440 shares in the last quarter. Xponance Inc. boosted its stake in shares of FormFactor by 10.1% during the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 511 shares during the last quarter. Blue Trust Inc. increased its position in FormFactor by 10.2% during the 4th quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 617 shares in the last quarter. Finally, Mirador Capital Partners LP raised its stake in FormFactor by 0.7% in the 4th quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company’s stock valued at $4,874,000 after purchasing an additional 739 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FORM has been the topic of several analyst reports. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley cut 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 report on Thursday, February 6th. Evercore ISI dropped their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value 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. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

FormFactor Stock Up 4.6 %

FORM opened at $26.72 on Thursday. The company has a market cap of $2.07 billion, a PE ratio of 30.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. The firm has a 50 day moving average price of $30.25 and a 200 day moving average price of $38.14.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.