Madison Asset Management LLC Has $4.22 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Madison Asset Management LLC lifted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 41.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,979 shares of the semiconductor company's stock after purchasing an additional 43,373 shares during the period. Madison Asset Management LLC owned 0.19% of FormFactor worth $4,215,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Aviva PLC increased its stake in shares of FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock worth $649,000 after purchasing an additional 331 shares during the period. CWM LLC increased its stake in shares of 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 purchasing an additional 382 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of FormFactor by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after purchasing an additional 400 shares during the period. Xponance Inc. increased its stake in shares of FormFactor by 10.1% in the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 511 shares during the period. Finally, Ellevest Inc. increased its stake in shares of FormFactor by 7.1% in the fourth quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company's stock worth $392,000 after purchasing an additional 590 shares during the period. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

NASDAQ FORM traded down $0.15 during trading on Friday, reaching $34.09. 443,435 shares of the company traded hands, compared to its average volume of 527,338. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 49.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.56 and a current ratio of 4.45. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $55.20. The stock's 50 day moving average price is $33.74 and its two-hundred day moving average price is $33.41.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million for the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. FormFactor's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. As a group, analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer directly owned 510,650 shares of the company's stock, valued at $16,197,818. The trade was a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was 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 of the company's stock, valued at $1,279,496.68. This trade represents a 6.82% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FORM. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. DA Davidson decreased their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. B. Riley lifted their price objective on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Evercore ISI decreased their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $42.71.

About FormFactor

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.