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

Envestnet Asset Management Inc. increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,565 shares of the semiconductor company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in FormFactor by 52.3% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after purchasing an additional 1,813 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of FormFactor by 104.4% in the first quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock valued at $431,000 after acquiring an additional 7,787 shares in the last quarter. Swiss National Bank lifted its position in shares of FormFactor by 0.9% in the fourth quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock valued at $6,697,000 after acquiring an additional 1,400 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of FormFactor by 25.2% in the fourth quarter. Teacher Retirement System of Texas now owns 48,480 shares of the semiconductor company's stock valued at $2,133,000 after acquiring an additional 9,752 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of FormFactor by 118.1% in the fourth quarter. JPMorgan Chase & Co. now owns 509,399 shares of the semiconductor company's stock valued at $22,414,000 after acquiring an additional 275,824 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of NASDAQ FORM traded down $0.63 during midday trading on Friday, hitting $35.28. 491,855 shares of the company's stock were exchanged, compared to its average volume of 776,090. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.45 and a quick ratio of 3.56. The stock's 50 day moving average price is $33.53 and its 200-day moving average price is $33.71. The firm has a market cap of $2.72 billion, a P/E ratio of 51.13 and a beta of 1.15. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $60.73.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results 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 return on equity of 6.47% and a net margin of 7.08%. The company had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the firm'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 completion of the transaction, the director owned 40,957 shares in the company, valued at $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The sale 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 firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 510,650 shares of the company's stock, valued at approximately $16,197,818. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FORM shares. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. B. Riley boosted their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. DA Davidson lowered their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Evercore ISI lowered their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.