Emerald Mutual Fund Advisers Trust Decreases Stake in FormFactor, Inc. (NASDAQ:FORM)

Emerald Mutual Fund Advisers Trust lowered its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,854 shares of the semiconductor company's stock after selling 77,316 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.52% of FormFactor worth $17,638,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company's stock valued at $362,000 after acquiring an additional 972 shares in the last quarter. Barclays PLC lifted its position in FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after purchasing an additional 113,296 shares during the period. Franklin Resources Inc. boosted its holdings in FormFactor by 5.1% in the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock valued at $18,940,000 after purchasing an additional 18,810 shares in the last quarter. Assenagon Asset Management S.A. increased its position in FormFactor by 19.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company's stock worth $11,040,000 after purchasing an additional 40,612 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,609 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and raised their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI lowered their target price 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. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday. Finally, B. Riley raised their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $44.88.

FormFactor Price Performance

FORM stock traded up $1.29 during trading on Friday, hitting $30.26. The stock had a trading volume of 671,558 shares, compared to its average volume of 774,246. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 34.00 and a beta of 1.14. The company's 50 day moving average price is $29.23 and its two-hundred day moving average price is $37.36. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63.

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 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 company had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same period in the previous year, the firm posted $0.18 EPS. FormFactor's revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm'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 sale, the chief executive officer now directly owns 514,650 shares of the company's stock, valued at approximately $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,000 shares of company stock worth $395,760 in the last 90 days. 0.90% of the stock is owned by company insiders.

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.