Montanaro Asset Management Ltd Buys 870 Shares of FormFactor, Inc. (NASDAQ:FORM)

Montanaro Asset Management Ltd increased its stake in FormFactor, Inc. (NASDAQ:FORM) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,161 shares of the semiconductor company’s stock after purchasing an additional 870 shares during the quarter. Montanaro Asset Management Ltd owned about 0.15% of FormFactor worth $5,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 309 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of FormFactor in the third quarter valued at approximately $818,000. Charles Schwab Investment Management Inc. grew its stake in FormFactor by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after acquiring an additional 32,889 shares in the last quarter. Citigroup Inc. increased its holdings in FormFactor by 59.4% during the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after acquiring an additional 39,419 shares during the period. Finally, Cerity Partners LLC lifted its stake in FormFactor by 27.3% in the 3rd quarter. Cerity Partners LLC now owns 20,715 shares of the semiconductor company’s stock worth $953,000 after purchasing an additional 4,438 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $30.49 on Thursday. The stock’s 50-day moving average is $36.01 and its 200 day moving average is $40.76. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 34.26 and a beta of 1.07. FormFactor, Inc. has a 1-year low of $30.22 and a 1-year 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.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the transaction, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FORM shares. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Stifel Nicolaus lowered their price target 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 cut their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Finally, B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.50.

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.