FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Earnest Partners LLC

Earnest Partners LLC lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,037,082 shares of the semiconductor company's stock after acquiring an additional 594,426 shares during the period. FormFactor makes up 1.2% of Earnest Partners LLC's holdings, making the stock its 14th biggest holding. Earnest Partners LLC owned 7.79% of FormFactor worth $265,632,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in FormFactor by 127.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after buying an additional 1,742,493 shares during the period. Vanguard Group Inc. increased its holdings in shares of FormFactor by 4.8% in the fourth 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. increased its holdings in FormFactor by 34.5% during the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock valued at $70,202,000 after purchasing an additional 409,304 shares during the period. Royce & Associates LP increased its holdings in FormFactor by 30.1% during the 4th 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 period. Finally, Raymond James Financial Inc. purchased a new position in FormFactor during the 4th quarter valued at about $14,222,000. 98.76% of the stock is owned by institutional investors.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business'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 value of $112,960.00. Following the completion of the sale, the chief executive officer now owns 514,650 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company's stock.

FormFactor Price Performance

Shares of FormFactor stock traded up $0.23 on Wednesday, hitting $28.14. The company's stock had a trading volume of 1,104,324 shares, compared to its average volume of 773,507. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. The firm has a fifty day moving average price of $29.49 and a 200-day moving average price of $37.56. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 31.62 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. As a group, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FORM has been the subject of several recent research reports. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Evercore ISI cut their price target on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently 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.