Envestnet Asset Management Inc. Has $11.53 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Envestnet Asset Management Inc. raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 407,565 shares of the semiconductor company's stock after buying an additional 11,707 shares during the period. Envestnet Asset Management Inc. owned about 0.53% of FormFactor worth $11,530,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor during the 4th quarter worth $27,000. Versant Capital Management Inc lifted its position in FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 861 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in FormFactor during the 4th quarter worth $43,000. GAMMA Investing LLC lifted its position in FormFactor by 52.3% during the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after acquiring an additional 1,813 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in FormFactor during the 4th quarter worth $177,000. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Price Performance

NASDAQ:FORM traded down $0.59 during mid-day trading on Wednesday, hitting $34.38. The company's stock had a trading volume of 458,842 shares, compared to its average volume of 775,481. The company has a current ratio of 4.45, a quick ratio of 3.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 49.83 and a beta of 1.15. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $60.04. The stock has a fifty day moving average of $33.65 and a 200-day moving average of $33.58.

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 for the quarter, beating the consensus estimate of $0.19 by $0.04. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. The firm had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same quarter last year, the company posted $0.18 EPS. The company's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the sale, the director directly owned 40,957 shares of the company's stock, valued at $1,279,496.68. The trade was a 6.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mike Slessor sold 4,000 shares of the business'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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on FORM shares. DA Davidson cut their target price 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. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. B. Riley boosted their target price 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. Finally, Evercore ISI cut their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $42.71.

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.