Avantax Advisory Services Inc. Acquires 2,511 Shares of FormFactor, Inc. (NASDAQ:FORM)

Avantax Advisory Services Inc. boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,939 shares of the semiconductor company’s stock after acquiring an additional 2,511 shares during the period. Avantax Advisory Services Inc.’s holdings in FormFactor were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of FORM. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor in the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its position in shares of FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 861 shares during the last quarter. CWM LLC raised its position in shares of FormFactor by 19.9% in the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 382 shares during the last quarter. GAMMA Investing LLC raised its position in shares of FormFactor by 52.3% in the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company’s stock valued at $149,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of FormFactor in the 4th quarter valued at approximately $202,000. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FORM shares. Evercore ISI decreased their price objective 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. B. Riley raised their price target on shares of FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Wall Street Zen lowered shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Saturday. DA Davidson reduced their price target on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus cut their target price on shares of FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, FormFactor presently has a consensus rating of “Hold” and a consensus target price of $41.14.

Insider Buying and Selling at FormFactor

In other news, Director Dennis Thomas St sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director owned 40,957 shares of the company’s stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

FormFactor Price Performance

FormFactor stock opened at $28.93 on Monday. The company’s fifty day moving average price is $33.84 and its 200 day moving average price is $32.88. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $51.68. The stock has a market capitalization of $2.23 billion, a P/E ratio of 51.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24.

FormFactor (NASDAQ:FORM) last announced its 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). FormFactor had a return on equity of 5.57% and a net margin of 5.75%. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $190.17 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal 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.