D. E. Shaw & Co. Inc. Acquires 79,240 Shares of FormFactor, Inc. (NASDAQ:FORM)

D. E. Shaw & Co. Inc. grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,952 shares of the semiconductor company's stock after buying an additional 79,240 shares during the period. D. E. Shaw & Co. Inc. owned 0.33% of FormFactor worth $11,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinpoint Asset Management Ltd bought a new stake in FormFactor during the 4th quarter valued at $43,000. Manchester Capital Management LLC increased its stake in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 440 shares during the period. IFP Advisors Inc lifted its holdings in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after buying an additional 1,609 shares during the period. Smartleaf Asset Management LLC lifted its holdings in FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 1,181 shares during the period. Finally, KBC Group NV boosted its holdings in FormFactor by 90.0% during the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after buying an additional 1,717 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

FORM stock traded down $0.26 on Monday, reaching $31.81. The company's stock had a trading volume of 111,372 shares, compared to its average volume of 771,585. The firm has a fifty day moving average of $28.90 and a two-hundred day moving average of $36.30. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63. The company has a market capitalization of $2.45 billion, a P/E ratio of 35.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the sale, the chief executive officer now directly owns 510,650 shares in the company, valued at approximately $16,197,818. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

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.