Vanguard Group Inc. Sells 163,145 Shares of FormFactor, Inc. $FORM

Vanguard Group Inc. lowered its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,418,113 shares of the semiconductor company’s stock after selling 163,145 shares during the quarter. Vanguard Group Inc. owned 13.52% of FormFactor worth $294,728,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FORM. Westfield Capital Management Co. LP bought a new stake in FormFactor during the first quarter worth $25,838,000. Massachusetts Financial Services Co. MA grew its holdings 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 buying an additional 885,617 shares in the last quarter. Reinhart Partners LLC. grew its holdings in FormFactor by 160.6% during the first quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company’s stock worth $32,692,000 after buying an additional 712,196 shares in the last quarter. Earnest Partners LLC grew its holdings in FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after buying an additional 594,426 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in FormFactor by 29.9% in the 4th 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 period. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the sale, the director directly owned 13,126 shares of the company’s stock, valued at $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Thomas St sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director owned 40,957 shares of the company’s stock, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

FormFactor Price Performance

NASDAQ FORM opened at $28.70 on Monday. The company has a market cap of $2.21 billion, a PE ratio of 51.25 and a beta of 1.16. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $51.68. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $33.39 and its two-hundred day simple moving average is $32.02.

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

Analyst Upgrades and Downgrades

FORM has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced 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, July 31st. B. Riley upped their price objective on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. DA Davidson reduced their price objective on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded FormFactor from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.14.

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.