FormFactor, Inc. (NASDAQ:FORM) Stock Position Raised by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its ownership in FormFactor, Inc. by 70.9% during Q1, acquiring an additional 25,329 shares to hold a total of 61,048 shares valued at approximately $1.73 million.
• Multiple institutional investors, including Massachusetts Financial Services and Reinhart Partners LLC, significantly raised their stakes in FormFactor, contributing to a collective institutional ownership of 98.76% of the company’s stock.
• FormFactor's stock price has seen a drop of 5.3%, currently trading at $27.60, while the company reported earnings per share of $0.27, missing analyst expectations.

Federated Hermes Inc. boosted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 70.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,048 shares of the semiconductor company's stock after acquiring an additional 25,329 shares during the period. Federated Hermes Inc. owned about 0.08% of FormFactor worth $1,727,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of FormFactor during the 4th quarter worth approximately $27,000. Versant Capital Management Inc increased its position in FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after buying an additional 861 shares during the period. CWM LLC increased its position in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after buying an additional 382 shares during the period. GAMMA Investing LLC lifted its stake 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 buying an additional 1,813 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of FormFactor during the fourth quarter valued at $202,000. Institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

FORM has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson decreased 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. Wall Street Zen cut FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. B. Riley boosted their price objective on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, FormFactor currently has an average rating of "Hold" and a consensus target price of $41.14.

FormFactor Price Performance

Shares of FormFactor stock traded up $0.60 on Friday, hitting $28.58. The company had a trading volume of 587,464 shares, compared to its average volume of 880,587. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $51.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. The company has a market cap of $2.20 billion, a PE ratio of 51.04 and a beta of 1.16. The business has a 50-day simple moving average of $33.60 and a 200-day simple moving average of $32.51.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. Research analysts expect 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 value of $93,720.00. Following the sale, the director directly owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by corporate insiders.

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.