Emerald Mutual Fund Advisers Trust Lowers Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Emerald Mutual Fund Advisers Trust reduced its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374,610 shares of the semiconductor company's stock after selling 26,244 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.49% of FormFactor worth $10,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FORM. Vanguard Group Inc. grew its holdings in FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after purchasing an additional 484,176 shares during the period. Earnest Partners LLC raised its position in FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after acquiring an additional 594,426 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of FormFactor by 127.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after purchasing an additional 1,742,493 shares during the period. Bank of America Corp DE raised its position in shares of FormFactor by 29.9% in the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after purchasing an additional 585,117 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of FormFactor by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after purchasing an additional 36,438 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FORM shares. DA Davidson lowered their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Evercore ISI reduced their price target on shares of 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, B. Riley lifted their target price on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report 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.com, FormFactor currently has an average rating of "Hold" and an average target price of $42.71.

Insider Activity at FormFactor

In other FormFactor news, 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 represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the company'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 value of $93,720.00. Following the completion of the sale, the director directly owned 40,957 shares of the company's stock, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

Shares of NASDAQ:FORM traded up $0.21 during midday trading on Tuesday, reaching $34.95. The company had a trading volume of 402,540 shares, compared to its average volume of 777,123. The company's 50 day moving average price is $32.98 and its 200 day moving average price is $33.97. The company has a current ratio of 4.45, a quick ratio of 3.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.69 billion, a P/E ratio of 50.65 and a beta of 1.15. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $62.38.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. During the same period in the previous year, the business posted $0.18 EPS. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.