Algert Global LLC Sells 12,797 Shares of FormFactor, Inc. (NASDAQ:FORM)

Algert Global LLC cut its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,240 shares of the semiconductor company's stock after selling 12,797 shares during the quarter. Algert Global LLC owned about 0.05% of FormFactor worth $1,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Alliancebernstein L.P. grew its stake in shares of FormFactor by 127.0% during the fourth 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 during the last quarter. Earnest Partners LLC lifted its holdings in FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after acquiring an additional 594,426 shares during the period. Vanguard Group Inc. raised its stake in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after buying an additional 484,176 shares during the period. Sei Investments Co. raised its stake in shares of FormFactor by 34.5% during the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock worth $70,202,000 after buying an additional 409,304 shares during the period. Finally, Royce & Associates LP raised its stake in shares of FormFactor by 30.1% during the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock worth $77,312,000 after buying an additional 406,768 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares of the company's stock, valued at $14,533,716. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FORM. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson decreased their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reduced their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. B. Riley raised 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. Finally, Evercore ISI cut their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $42.71.

FormFactor Trading Up 0.7%

FORM traded up $0.22 during trading on Tuesday, hitting $32.39. The company's stock had a trading volume of 509,704 shares, compared to its average volume of 771,412. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $28.86 and its 200-day moving average price is $36.59. The firm has a market capitalization of $2.50 billion, a P/E ratio of 36.39 and a beta of 1.14.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (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 firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The company's revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current 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.