Victory Capital Management Inc. Has $612,000 Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Victory Capital Management Inc. boosted its position in FormFactor, Inc. (NASDAQ:FORM) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,643 shares of the semiconductor company’s stock after acquiring an additional 599 shares during the period. Victory Capital Management Inc.’s holdings in FormFactor were worth $612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in FormFactor during the 4th quarter valued at about $27,000. Pinpoint Asset Management Ltd bought a new stake in shares of FormFactor during the fourth quarter worth approximately $43,000. Versant Capital Management Inc lifted its holdings in FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 861 shares during the period. CWM LLC lifted its holdings in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 382 shares during the period. Finally, Advisory Services Network LLC bought a new position in FormFactor in the fourth quarter valued at approximately $202,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on FORM. Evercore ISI dropped their target price on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased their price objective on FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. B. Riley raised their target price on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, DA Davidson decreased their target price on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, FormFactor has an average rating of “Hold” and an average target price of $41.14.

Insider Activity

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director directly owned 40,957 shares in the company, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

FormFactor Stock Performance

Shares of FormFactor stock opened at $28.93 on Friday. The stock’s fifty day simple moving average is $33.84 and its 200 day simple moving average is $33.02. The company has a current ratio of 4.24, a quick ratio of 3.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.23 billion, a PE ratio of 51.66 and a beta of 1.16. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $51.68.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. On average, research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current year.

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.