Trexquant Investment LP Has $2.14 Million Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Trexquant Investment LP lessened its holdings in FormFactor, Inc. (NASDAQ:FORM) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,620 shares of the semiconductor company’s stock after selling 66,728 shares during the quarter. Trexquant Investment LP’s holdings in FormFactor were worth $2,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FORM. Geode Capital Management LLC lifted its position in shares of FormFactor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company’s stock valued at $92,577,000 after acquiring an additional 36,438 shares during the period. Franklin Resources Inc. increased its position in shares of FormFactor by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 397,219 shares of the semiconductor company’s stock valued at $17,478,000 after purchasing an additional 8,475 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after purchasing an additional 1,742,493 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in FormFactor in the 4th quarter valued at about $431,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of FormFactor by 16.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,290 shares of the semiconductor company’s stock worth $497,000 after acquiring an additional 1,614 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FORM has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI lowered their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus lowered their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.50.

FormFactor Stock Performance

Shares of FormFactor stock opened at $23.18 on Wednesday. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.80 billion, a P/E ratio of 26.05 and a beta of 1.15. The stock’s fifty day moving average price is $32.95 and its 200-day moving average price is $39.59.

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%. On average, equities research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares of the company’s stock, valued at $14,533,716. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

About FormFactor

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.