Canada Pension Plan Investment Board Increases Holdings in FormFactor, Inc. (NASDAQ:FORM)

Canada Pension Plan Investment Board increased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 206.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,600 shares of the semiconductor company's stock after acquiring an additional 53,600 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.10% of FormFactor worth $3,502,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. D.A. Davidson & CO. increased its holdings in shares of FormFactor by 5.5% in the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock valued at $242,000 after acquiring an additional 288 shares during the period. Aviva PLC boosted its position in shares of FormFactor by 2.3% during the 4th quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock worth $649,000 after purchasing an additional 331 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of FormFactor by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after purchasing an additional 400 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares in the last quarter. Finally, Xponance Inc. boosted its position in shares of FormFactor by 10.1% during the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 511 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Up 0.7 %

Shares of NASDAQ FORM traded up $0.20 on Monday, reaching $28.54. 549,956 shares of the company traded hands, compared to its average volume of 771,800. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The company has a 50 day moving average of $29.68 and a 200 day moving average of $37.63. 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 capitalization of $2.20 billion, a PE ratio of 32.07 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts' consensus estimates 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 research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on 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 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 the SEC website. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on FORM shares. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Evercore ISI decreased their price objective 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. Finally, Stifel Nicolaus decreased their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, FormFactor has an average rating of "Hold" and a consensus target price of $48.50.

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.