FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 138.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 981,926 shares of the semiconductor company's stock after purchasing an additional 569,677 shares during the period. Ameriprise Financial Inc. owned about 1.27% of FormFactor worth $43,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its stake in shares of FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock worth $137,050,000 after purchasing an additional 1,742,493 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after purchasing an additional 594,426 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 484,176 shares in the last quarter. Sei Investments Co. lifted its position in FormFactor by 34.5% in the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock valued at $70,202,000 after acquiring an additional 409,304 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of FormFactor by 30.1% in the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock valued at $77,312,000 after purchasing an additional 406,768 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insiders Place Their Bets

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 shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the sale, the chief executive officer now owns 514,650 shares of the company's stock, valued at approximately $14,533,716. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company's stock.

FormFactor Price Performance

FORM traded up $0.22 during trading hours 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. The business's 50-day moving average price is $28.87 and its 200-day moving average price is $36.56. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 36.39 and a beta of 1.14. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The firm had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same period in the previous year, the company earned $0.18 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FORM has been the topic of several research reports. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. DA Davidson lowered their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus cut their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. B. Riley increased their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Evercore ISI dropped their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.71.

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.