FormFactor, Inc. $FORM Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,090 shares of the semiconductor company’s stock after selling 515 shares during the quarter. US Bancorp DE’s holdings in FormFactor were worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Earnest Partners LLC increased its stake in FormFactor by 10.9% in the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock valued at $265,632,000 after purchasing an additional 594,426 shares in the last quarter. Bank of America Corp DE increased its stake in FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock valued at $111,861,000 after purchasing an additional 585,117 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of FormFactor by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,101,816 shares of the semiconductor company’s stock worth $92,490,000 after acquiring an additional 109,995 shares during the period. Massachusetts Financial Services Co. MA raised its stake in FormFactor by 82.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock worth $55,554,000 after purchasing an additional 885,617 shares during the period. Finally, Royce & Associates LP boosted its holdings in FormFactor by 6.4% in the first quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company’s stock valued at $52,904,000 after acquiring an additional 112,970 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on FORM. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, May 1st. B. Riley upped their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Evercore ISI reduced their target price on FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a report on Thursday, May 1st. DA Davidson dropped their price objective on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on shares of FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.14.

FormFactor Price Performance

FORM stock opened at $28.70 on Monday. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.21 billion, a PE ratio of 51.25 and a beta of 1.16. FormFactor, Inc. has a one year low of $22.58 and a one year high of $51.68. The firm has a 50-day moving average of $33.39 and a two-hundred day moving average of $32.02.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 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 company had revenue of $195.80 million for the quarter, compared to analyst estimates of $190.17 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Activity

In related 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 transaction, the director owned 40,957 shares of the company’s stock, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the sale, the director directly owned 13,126 shares of the company’s stock, valued at approximately $387,873.30. The trade was a 23.36% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by 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.