BNP Paribas Financial Markets Has $682,000 Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

BNP Paribas Financial Markets lessened its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,506 shares of the semiconductor company's stock after selling 31,082 shares during the quarter. BNP Paribas Financial Markets' holdings in FormFactor were worth $682,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FORM. D.A. Davidson & CO. raised its holdings in shares of FormFactor by 5.5% in the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 288 shares during the last quarter. Aviva PLC increased its stake in FormFactor by 2.3% in the 4th quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock valued at $649,000 after buying an additional 331 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in FormFactor by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after buying an additional 400 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after buying an additional 440 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of FormFactor by 10.1% in the 4th quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock valued at $246,000 after acquiring an additional 511 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the sale, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FORM shares. Evercore ISI dropped 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 lowered their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. B. Riley increased their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.71.

FormFactor Stock Performance

Shares of FORM traded up $1.61 during trading hours on Tuesday, hitting $31.98. The company had a trading volume of 275,826 shares, compared to its average volume of 771,026. The business has a fifty day moving average of $28.81 and a 200-day moving average of $35.91. 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 firm has a market cap of $2.46 billion, a price-to-earnings ratio of 36.12 and a beta of 1.14. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63.

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, beating 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 firm had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. During the same period in the prior year, the firm earned $0.18 EPS. The business's revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that FormFactor, Inc. will post 0.9 EPS 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.