Algert Global LLC Sells 12,797 Shares of FormFactor, Inc. (NASDAQ:FORM)

Algert Global LLC lessened its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,240 shares of the semiconductor company’s stock after selling 12,797 shares during the period. Algert Global LLC owned about 0.05% of FormFactor worth $1,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FORM. Alliancebernstein L.P. grew its holdings in shares of FormFactor by 127.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after buying an additional 1,742,493 shares in the last quarter. Earnest Partners LLC boosted its position in FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after acquiring an additional 594,426 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of FormFactor by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after purchasing an additional 484,176 shares during the last quarter. Sei Investments Co. lifted its position in shares of FormFactor by 34.5% in the fourth quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company’s stock worth $70,202,000 after purchasing an additional 409,304 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in FormFactor by 30.1% during the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock worth $77,312,000 after purchasing an additional 406,768 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FORM shares. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, May 1st. Stifel Nicolaus dropped their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Evercore ISI decreased their price target on FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research note on Thursday, May 1st. DA Davidson dropped their price objective on FormFactor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, B. Riley raised their target price on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.71.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer now directly owns 510,650 shares of the company’s stock, valued at $16,197,818. This represents a 0.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

FormFactor Trading Down 0.5 %

Shares of FormFactor stock opened at $29.81 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The business has a fifty day simple moving average of $28.86 and a two-hundred day simple moving average of $36.77. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 33.49 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. FormFactor’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Research analysts forecast 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.