FormFactor, Inc. (NASDAQ:FORM) Shares Sold by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC cut its stake in FormFactor, Inc. (NASDAQ:FORM) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,952 shares of the semiconductor company’s stock after selling 1,344 shares during the period. Main Management ETF Advisors LLC’s holdings in FormFactor were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in FormFactor by 5.5% in the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 288 shares in the last quarter. Aviva PLC boosted its stake in FormFactor by 2.3% in the 4th quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock worth $649,000 after purchasing an additional 331 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in FormFactor by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 400 shares in the last quarter. Manchester Capital Management LLC boosted its stake in FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares in the last quarter. Finally, Xponance Inc. boosted its stake in FormFactor by 10.1% in the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 511 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Price Performance

NASDAQ:FORM opened at $33.30 on Thursday. 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 firm has a market cap of $2.57 billion, a price-to-earnings ratio of 37.42 and a beta of 1.14. The company has a 50 day moving average price of $28.87 and a 200-day moving average price of $36.53. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. Equities research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FORM. Stifel Nicolaus decreased their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. 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 note on Thursday, May 1st. B. Riley lifted their price objective 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. DA Davidson decreased their price objective on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.71.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief executive officer now directly owns 510,650 shares of the company’s stock, valued at $16,197,818. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

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.