BNP Paribas Financial Markets Sells 31,082 Shares of FormFactor, Inc. (NASDAQ:FORM)

BNP Paribas Financial Markets lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,506 shares of the semiconductor company's stock after selling 31,082 shares during the period. BNP Paribas Financial Markets' holdings in FormFactor were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position 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 valued at $465,575,000 after purchasing an additional 484,176 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after buying an additional 594,426 shares during the period. Alliancebernstein L.P. lifted its position in shares of FormFactor by 127.0% in 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. Geode Capital Management LLC lifted its position in shares of FormFactor by 1.8% in 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 acquiring an additional 36,438 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of FormFactor by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,101,816 shares of the semiconductor company's stock valued at $92,490,000 after acquiring an additional 109,995 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Performance

NASDAQ FORM traded down $0.40 during trading hours on Wednesday, reaching $31.56. 112,729 shares of the company were exchanged, compared to its average volume of 871,639. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.43 billion, a P/E ratio of 35.46 and a beta of 1.14. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. The business's 50 day simple moving average is $28.80 and its 200-day simple moving average is $35.88.

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 9.12% and a return on equity of 5.93%. The business had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. During the same period in the prior year, the business earned $0.18 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer now owns 510,650 shares of the company's stock, valued at approximately $16,197,818. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FORM shares. DA Davidson reduced their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Evercore ISI dropped their price target on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. B. Riley increased their price target on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, FormFactor presently 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.