Envestnet Asset Management Inc. Grows Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Envestnet Asset Management Inc. lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 395,858 shares of the semiconductor company's stock after buying an additional 32,843 shares during the period. Envestnet Asset Management Inc. owned about 0.51% of FormFactor worth $17,418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC raised its stake in FormFactor by 351.9% during the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock worth $6,692,000 after acquiring an additional 113,296 shares in the last quarter. Geode Capital Management LLC increased its position in FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock worth $95,105,000 after purchasing an additional 73,982 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in FormFactor by 7.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company's stock valued at $2,200,000 after purchasing an additional 3,426 shares during the last quarter. Franklin Resources Inc. boosted its position in FormFactor by 5.1% in the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company's stock valued at $18,940,000 after buying an additional 18,810 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of FormFactor by 14.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company's stock worth $362,000 after buying an additional 972 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Down 3.1 %

Shares of FORM stock traded down $0.81 during trading hours on Friday, reaching $25.12. The company had a trading volume of 1,579,882 shares, compared to its average volume of 760,258. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 28.23 and a beta of 1.15. 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, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The business has a fifty day simple moving average of $30.91 and a 200-day simple moving average of $38.46.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FORM shares. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI dropped their target price on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $48.50.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred 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 transaction, the chief executive officer now owns 514,650 shares of the company's stock, valued at $14,533,716. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by 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.