Emerald Advisers LLC Decreases Stake in FormFactor, Inc. (NASDAQ:FORM)

Emerald Advisers LLC cut its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 570,461 shares of the semiconductor company's stock after selling 18,282 shares during the period. Emerald Advisers LLC owned about 0.74% of FormFactor worth $16,138,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FORM. Charles Schwab Investment Management Inc. lifted its stake in FormFactor by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock worth $40,499,000 after purchasing an additional 34,338 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in FormFactor in the fourth quarter worth $1,123,000. Raymond James Financial Inc. bought a new stake in FormFactor in the fourth quarter worth $14,222,000. Amundi lifted its stake in FormFactor by 186.7% in the fourth quarter. Amundi now owns 39,058 shares of the semiconductor company's stock worth $1,723,000 after purchasing an additional 25,434 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in FormFactor by 27.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 27,428 shares of the semiconductor company's stock worth $1,207,000 after purchasing an additional 5,988 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FORM has been the subject of several recent research reports. Evercore ISI lowered their price target on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. DA Davidson lowered their price objective on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. B. Riley upped their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $42.71.

FormFactor Trading Up 0.4%

FORM stock traded up $0.15 during trading on Wednesday, reaching $35.10. The company had a trading volume of 551,566 shares, compared to its average volume of 777,816. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $60.75. The company has a market cap of $2.71 billion, a P/E ratio of 50.87 and a beta of 1.15. The business has a 50 day moving average of $33.30 and a 200 day moving average of $33.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.45 and a quick ratio of 3.56.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly 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. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. The company had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same period in the prior year, the firm earned $0.18 earnings per share. FormFactor's revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at FormFactor

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

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.