2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. lifted its position in shares of FormFactor, Inc. ( NASDAQ:FORM – Free Report ) by 5.
2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,100 shares of the semiconductor company’s stock after buying an additional 400 shares during the period. Summit Investment Advisors Inc.
’s holdings in FormFactor were worth $356,000 as of its most recent SEC filing. Other hedge funds have also recently bought and sold shares of the company. Pinpoint Asset Management Ltd purchased a new position in shares of FormFactor during the 4th quarter worth $43,000.
Manchester Capital Management LLC lifted its position in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after buying an additional 440 shares during the period.
IFP Advisors Inc boosted its stake in FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,609 shares during the last quarter.
Smartleaf Asset Management LLC grew its holdings in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 1,181 shares during the period.
Finally, KBC Group NV increased its stake in shares of FormFactor by 90.0% during the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 1,717 shares during the last quarter.
Institutional investors and hedge funds own 98.76% of the company’s stock. Insider Buying and Selling In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, April 1st.
The stock was sold at an average price of $28.24, for a total transaction of $112,960.00.
Following the sale, the chief executive officer now directly owns 514,650 shares of the company’s stock, valued at approximately $14,533,716. The trade was a 0.77 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 0.96% of the stock is currently owned by insiders.
FormFactor Price Performance FormFactor ( NASDAQ:FORM – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
29 by ($0.14). FormFactor had a net margin of 9.
12% and a return on equity of 5.93%. On average, equities analysts anticipate that FormFactor, Inc.
will post 0.9 EPS for the current fiscal year. Analyst Ratings Changes Several equities research analysts recently issued reports on FORM shares.
Evercore ISI decreased their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th.
Stifel Nicolaus decreased their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th.
B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $34.
00 in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $51.
00 in a report on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.50. View Our Latest Report on FORM FormFactor Company Profile ( Free Report ) 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.
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