Principal Financial Group Inc. Purchases 8,752 Shares of FormFactor, Inc. (NASDAQ:FORM)

Principal Financial Group Inc. boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 386,731 shares of the semiconductor company's stock after purchasing an additional 8,752 shares during the quarter. Principal Financial Group Inc. owned 0.50% of FormFactor worth $10,941,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in FormFactor by 52.3% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after purchasing an additional 1,813 shares during the period. Janney Montgomery Scott LLC grew its holdings in FormFactor by 104.4% during the first quarter. Janney Montgomery Scott LLC now owns 15,245 shares of the semiconductor company's stock valued at $431,000 after purchasing an additional 7,787 shares during the period. Swiss National Bank grew its holdings in FormFactor by 0.9% during the fourth quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock valued at $6,697,000 after purchasing an additional 1,400 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in FormFactor by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock valued at $40,499,000 after purchasing an additional 34,338 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in FormFactor during the fourth quarter valued at approximately $1,123,000. Institutional investors and hedge funds own 98.76% of the company's stock.

FormFactor Stock Up 2.3%

Shares of FORM stock traded up $0.81 during trading hours on Thursday, hitting $35.91. 574,652 shares of the company were exchanged, compared to its average volume of 776,580. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $60.73. The business has a 50 day moving average of $33.42 and a two-hundred day moving average of $33.84. The company has a market capitalization of $2.77 billion, a PE ratio of 52.04 and a beta of 1.15. The company has a current ratio of 4.45, a quick ratio of 3.56 and a debt-to-equity ratio of 0.01.

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. FormFactor had a net margin of 7.08% and a return on equity of 6.47%. The business had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm's revenue was up 1.6% on a year-over-year basis. Analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The shares were 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 in the company, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction 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 transaction, the chief executive officer 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 disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. DA Davidson decreased their price objective on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Evercore ISI lowered their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. B. Riley increased their price objective 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. Finally, Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.71.

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.