FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.50% of FormFactor worth $10,941,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FORM. Public Employees Retirement System of Ohio acquired a new stake in FormFactor during the 4th quarter valued at $27,000. Pinpoint Asset Management Ltd acquired a new stake in shares of FormFactor during the fourth quarter valued at $43,000. Versant Capital Management Inc increased its position in FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 861 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in FormFactor in the 4th quarter valued at about $177,000. Finally, Advisory Services Network LLC purchased a new position in FormFactor in the 4th quarter valued at about $202,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Trading Up 2.1%

NASDAQ:FORM traded up $0.75 on Thursday, hitting $35.85. 47,476 shares of the stock were exchanged, compared to its average volume of 774,930. The stock has a fifty day moving average of $33.30 and a 200-day moving average of $33.90. The stock has a market cap of $2.76 billion, a PE ratio of 51.90 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, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $60.75.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, beating 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 firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. During the same quarter last year, the firm posted $0.18 earnings per share. FormFactor's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FORM. DA Davidson cut their price objective on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Evercore ISI decreased their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Finally, B. Riley upped their target price on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, FormFactor has a consensus rating of "Hold" and an average target price of $42.71.

Insider Transactions at FormFactor

In other news, Director Dennis Thomas St sold 3,000 shares of the business's 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, 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 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.