Assenagon Asset Management S.A. Has $4.71 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Assenagon Asset Management S.A. trimmed its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 33.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,352 shares of the semiconductor company's stock after selling 84,564 shares during the period. Assenagon Asset Management S.A. owned 0.21% of FormFactor worth $4,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of FormFactor by 4.8% during 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. Earnest Partners LLC raised its stake in FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after acquiring an additional 594,426 shares in the last quarter. Alliancebernstein L.P. raised its stake in FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after acquiring an additional 1,742,493 shares in the last quarter. Bank of America Corp DE boosted its position in FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after acquiring an additional 585,117 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of FormFactor by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock worth $92,577,000 after purchasing an additional 36,438 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity at FormFactor

In other news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the sale, the director now owns 40,957 shares in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated 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 directly owns 514,650 shares of the company's stock, valued at approximately $14,533,716. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,000 shares of company stock worth $333,560. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. B. Riley boosted their price target on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. DA Davidson dropped their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Finally, Evercore ISI lowered their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $42.71.

FormFactor Price Performance

FormFactor stock traded down $1.27 during mid-day trading on Tuesday, hitting $33.61. The company's stock had a trading volume of 749,726 shares, compared to its average volume of 779,922. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The stock's fifty day moving average price is $30.16 and its two-hundred day moving average price is $35.15. The stock has a market capitalization of $2.59 billion, a P/E ratio of 44.15 and a beta of 1.13. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01.

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, topping analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $171.36 million for 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%. FormFactor's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

About FormFactor

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.