FormFactor, Inc. (NASDAQ:FORM) Stock Holdings Lifted by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 345,044 shares of the semiconductor company's stock after buying an additional 13,489 shares during the period. Bessemer Group Inc. owned 0.44% of FormFactor worth $9,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after acquiring an additional 484,176 shares during the period. Earnest Partners LLC raised its stake in FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after purchasing an additional 594,426 shares during the period. Alliancebernstein L.P. raised its stake in FormFactor by 127.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock worth $137,050,000 after purchasing an additional 1,742,493 shares during the period. Bank of America Corp DE boosted its holdings in shares of FormFactor by 29.9% in the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after purchasing an additional 585,117 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of FormFactor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after buying an additional 36,438 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Evercore ISI reduced their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. DA Davidson reduced their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Finally, B. Riley raised their price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $42.71.

Insiders Place Their Bets

In related news, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction on Thursday, May 29th. The shares were 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 approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock worth $333,560 in the last quarter. 0.90% of the stock is owned by corporate insiders.

FormFactor Stock Down 1.0%

Shares of NASDAQ FORM traded down $0.35 on Friday, hitting $34.91. The company had a trading volume of 1,504,218 shares, compared to its average volume of 781,838. 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, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63. The firm has a market capitalization of $2.69 billion, a P/E ratio of 50.59 and a beta of 1.13. The business has a 50 day moving average of $31.21 and a two-hundred day moving average of $34.78.

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

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.