Nuveen Asset Management LLC Has $13.67 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Nuveen Asset Management LLC reduced its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,568 shares of the semiconductor company's stock after selling 297,343 shares during the period. Nuveen Asset Management LLC owned about 0.40% of FormFactor worth $13,665,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after purchasing an additional 484,176 shares in the last quarter. Earnest Partners LLC raised its stake in shares of FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after purchasing an additional 594,426 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock worth $137,050,000 after purchasing an additional 1,742,493 shares in the last quarter. Bank of America Corp DE raised its stake in shares of FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after purchasing an additional 585,117 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of FormFactor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock worth $92,577,000 after purchasing an additional 36,438 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the sale, the chief executive officer now owns 510,650 shares of the company's stock, valued at approximately $16,197,818. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson cut their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Evercore ISI cut their price objective 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. B. Riley raised their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, FormFactor has a consensus rating of "Hold" and a consensus price target of $42.71.

FormFactor Stock Performance

FORM traded down $0.81 during midday trading on Wednesday, reaching $31.14. The company's stock had a trading volume of 639,961 shares, compared to its average volume of 773,554. The stock has a market cap of $2.40 billion, a P/E ratio of 34.99 and a beta of 1.14. The company has a fifty day simple moving average of $28.80 and a 200 day simple moving average of $35.85. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results 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. The firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current 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.