Royce & Associates LP Buys 112,970 Shares of FormFactor, Inc. (NASDAQ:FORM)

Royce & Associates LP increased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,870,056 shares of the semiconductor company's stock after purchasing an additional 112,970 shares during the period. FormFactor accounts for 0.6% of Royce & Associates LP's holdings, making the stock its 25th biggest holding. Royce & Associates LP owned 2.43% of FormFactor worth $52,904,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in FormFactor during the 4th quarter valued at $27,000. Versant Capital Management Inc boosted its position in FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 861 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in FormFactor in the fourth quarter valued at about $43,000. CWM LLC raised its stake in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after buying an additional 382 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of FormFactor by 52.3% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,813 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FORM. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. B. Riley boosted their price objective on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI decreased their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, DA Davidson cut 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.71.

Insider Activity at FormFactor

In other news, 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 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of the company'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 completion of the sale, the chief executive officer owned 510,650 shares of the company's stock, 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. Insiders own 0.90% of the company's stock.

FormFactor Trading Down 0.4%

FormFactor stock traded down $0.15 during midday trading on Friday, reaching $34.09. The stock had a trading volume of 443,435 shares, compared to its average volume of 527,338. The stock's 50-day simple moving average is $33.74 and its 200 day simple moving average is $33.34. The stock has a market capitalization of $2.63 billion, a PE ratio of 49.41 and a beta of 1.15. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $55.20. 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 (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Analysts expect that FormFactor, Inc. will post 0.9 EPS for the current 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.