Linden Thomas Advisory Services LLC Lowers Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Linden Thomas Advisory Services LLC cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,806 shares of the semiconductor company’s stock after selling 461 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in FormFactor were worth $1,660,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FORM. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in FormFactor during the third quarter worth $70,000. CWM LLC grew its position in FormFactor by 124.3% during the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 1,530 shares during the period. Mackenzie Financial Corp purchased a new stake in FormFactor during the fourth quarter valued at about $202,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of FormFactor in the third quarter worth about $207,000. Finally, Ausbil Investment Management Ltd purchased a new position in FormFactor in the fourth quarter valued at about $208,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of FormFactor stock traded down $0.06 on Wednesday, reaching $41.35. 93,808 shares of the company were exchanged, compared to its average volume of 447,517. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38. The company’s 50-day moving average is $43.55 and its two-hundred day moving average is $40.00. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 39.51 and a beta of 1.18. 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 results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. As a group, research analysts expect that FormFactor, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FORM shares. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Evercore ISI initiated coverage on FormFactor in a research note on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price objective on the stock. Finally, TD Cowen upped their price objective on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.56.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 499,781 shares of the company’s stock, valued at approximately $21,680,499.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 499,781 shares of the company’s stock, valued at approximately $21,680,499.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shai Shahar sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was 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 directly 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 have sold 28,000 shares of company stock worth $1,223,580. 0.96% of the stock is currently owned by company insiders.

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.