Knights of Columbus Asset Advisors LLC Increases Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Knights of Columbus Asset Advisors LLC increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 89.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,271 shares of the semiconductor company’s stock after buying an additional 63,425 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.17% of FormFactor worth $5,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FORM. Calamos Advisors LLC acquired a new position in shares of FormFactor in the 4th quarter valued at $1,502,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FormFactor by 18.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,823 shares of the semiconductor company’s stock worth $743,000 after acquiring an additional 2,725 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of FormFactor in the 4th quarter worth about $202,000. Louisiana State Employees Retirement System acquired a new position in shares of FormFactor in the 4th quarter valued at about $1,623,000. Finally, Peregrine Capital Management LLC acquired a new stake in FormFactor during the 4th quarter worth approximately $5,967,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. TheStreet raised FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 price objective on shares of FormFactor in a research report on Thursday, February 8th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Evercore ISI started coverage on shares of FormFactor in a report on Tuesday. They set an “in-line” rating and a $50.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.56.

FormFactor Price Performance

FORM opened at $40.76 on Friday. The company has a market capitalization of $3.16 billion, a P/E ratio of 38.45 and a beta of 1.18. The company has a 50-day moving average of $43.57 and a 200-day moving average of $39.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. FormFactor, Inc. has a 1-year low of $24.88 and a 1-year high of $47.94.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The firm had revenue of $168.16 million during the quarter, compared to analyst estimates of $165.49 million. Equities analysts expect that FormFactor, Inc. will post 0.63 EPS 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 Friday, March 1st. The shares were sold at an average price of $43.38, for a total value of $173,520.00. Following the completion of the transaction, the chief executive officer now owns 499,781 shares of the company’s stock, valued at $21,680,499.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $43.38, for a total transaction of $173,520.00. Following the sale, the chief executive officer now owns 499,781 shares in the company, valued at $21,680,499.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $44.51, for a total value of $445,100.00. Following the completion of the transaction, the chief financial officer now owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,000 shares of company stock worth $1,223,580. 0.96% of the stock is currently owned by insiders.

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.