Allspring Global Investments Holdings LLC Increases Position in FormFactor, Inc. (NASDAQ:FORM)

Allspring Global Investments Holdings LLC lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,259 shares of the semiconductor company's stock after purchasing an additional 25,537 shares during the period. Allspring Global Investments Holdings LLC owned about 0.37% of FormFactor worth $8,039,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in FormFactor during the 4th quarter valued at about $27,000. Versant Capital Management Inc grew its stake in FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 861 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in FormFactor during the 4th quarter valued at about $43,000. Smartleaf Asset Management LLC grew its stake in FormFactor by 146.7% during the 4th 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in FormFactor by 52.3% during the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after acquiring an additional 1,813 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the sale, the chief executive officer directly owned 510,650 shares in the company, valued at $16,197,818. This represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director owned 40,957 shares in the company, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

FormFactor Trading Up 3.1%

Shares of FORM stock traded up $1.07 during trading hours on Tuesday, hitting $35.81. The company had a trading volume of 669,466 shares, compared to its average volume of 780,183. The company's fifty day moving average is $32.57 and its 200 day moving average is $34.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.45 and a quick ratio of 3.56. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $62.98. The stock has a market capitalization of $2.76 billion, a PE ratio of 51.90 and a beta of 1.15.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. The firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. During the same period in the prior year, the business posted $0.18 EPS. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FORM has been the subject of several research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. DA Davidson decreased their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Evercore ISI decreased their target price on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Finally, B. Riley boosted their target price on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $42.71.

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.