FormFactor, Inc. (NASDAQ:FORM) Holdings Boosted by Ellevest Inc.

Ellevest Inc. grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,907 shares of the semiconductor company’s stock after purchasing an additional 590 shares during the period. Ellevest Inc.’s holdings in FormFactor were worth $392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Alliancebernstein L.P. lifted its stake in FormFactor by 127.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock worth $137,050,000 after acquiring an additional 1,742,493 shares in the last quarter. Earnest Partners LLC lifted its position in shares of FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company’s stock worth $265,632,000 after purchasing an additional 594,426 shares in the last quarter. Bank of America Corp DE lifted its position in shares of FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock worth $111,861,000 after purchasing an additional 585,117 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of FormFactor by 138.2% during the fourth quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company’s stock worth $43,205,000 after purchasing an additional 569,677 shares during the period. Finally, Vanguard Group Inc. grew its position in FormFactor by 4.8% during 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 in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the sale, the chief executive officer now directly owns 514,650 shares in the company, valued at $14,533,716. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of research reports. Stifel Nicolaus decreased their target price 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. DA Davidson reduced their price objective on FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. B. Riley upped their target price on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Evercore ISI reduced their price target on FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a report on Thursday, May 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of FormFactor in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have issued 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 $42.71.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $29.81 on Friday. The business’s 50-day simple moving average is $28.86 and its 200-day simple moving average is $36.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 33.49 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company had revenue of $171.36 million for the quarter, compared to the consensus estimate of $170.03 million. During the same quarter last year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.