FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 283,259 shares of the semiconductor company's stock after purchasing an additional 25,537 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.37% of FormFactor worth $8,039,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in FormFactor by 52.3% in the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after purchasing an additional 1,813 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in FormFactor by 104.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock valued at $431,000 after purchasing an additional 7,787 shares during the last quarter. Swiss National Bank raised its stake in FormFactor by 0.9% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock valued at $6,697,000 after purchasing an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in FormFactor by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock valued at $40,499,000 after purchasing an additional 34,338 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after purchasing an additional 1,181 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Down 0.5%

Shares of NASDAQ FORM traded down $0.19 during mid-day trading on Friday, reaching $36.18. 260,049 shares of the company's stock were exchanged, compared to its average volume of 780,033. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 52.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.56 and a current ratio of 4.45. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $63.63. The company's 50-day moving average is $32.29 and its 200-day moving average is $34.34.

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 for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The company's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm's 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 transaction, the chief executive officer directly owned 510,650 shares in the company, valued at $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 available through this link. Also, Director Dennis Thomas St sold 3,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the transaction, the director owned 40,957 shares of the company's stock, valued at $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. Company insiders own 0.96% 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.