Harbor Capital Advisors Inc. Acquires 54,358 Shares of FormFactor, Inc. (NASDAQ:FORM)

Harbor Capital Advisors Inc. boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 107.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,994 shares of the semiconductor company's stock after acquiring an additional 54,358 shares during the quarter. Harbor Capital Advisors Inc. owned 0.14% of FormFactor worth $2,970,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in FormFactor during the 4th quarter worth about $27,000. Versant Capital Management Inc raised its stake in shares of 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. Pinpoint Asset Management Ltd purchased a new stake in shares of FormFactor during the 4th quarter worth about $43,000. Manchester Capital Management LLC raised its stake in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of FORM traded down $0.72 on Friday, reaching $33.63. 545,784 shares of the stock traded hands, compared to its average volume of 780,629. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 37.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The stock's 50-day moving average price is $29.93 and its 200-day moving average price is $35.18.

FormFactor (NASDAQ:FORM - Get Free Report) last released 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. The business had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. FormFactor's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. Equities analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction 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 sale, the director now owns 40,957 shares in the company, valued at $1,279,496.68. The trade was a 6.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $333,560 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About FormFactor

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.