Harbor Capital Advisors Inc. Increases Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Harbor Capital Advisors Inc. lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 107.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,994 shares of the semiconductor company's stock after acquiring an additional 54,358 shares during the period. Harbor Capital Advisors Inc. owned 0.14% of FormFactor worth $2,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its position in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after buying an additional 1,609 shares during the period. Swiss National Bank grew its stake in shares of FormFactor by 0.9% in the 4th 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FormFactor by 3.9% in 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. Sanctuary Advisors LLC increased its holdings in shares of FormFactor by 22.4% in the fourth quarter. Sanctuary Advisors LLC now owns 18,225 shares of the semiconductor company's stock valued at $802,000 after purchasing an additional 3,333 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of FormFactor in the fourth quarter valued at approximately $1,123,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DA Davidson dropped their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Evercore ISI dropped their target price 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 price objective on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $42.71.

FormFactor Price Performance

FORM stock traded down $0.72 on Friday, reaching $33.63. 545,784 shares of the company's stock were exchanged, compared to its average volume of 779,576. The stock has a fifty day moving average of $29.93 and a 200-day moving average of $35.24. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The firm has a market cap of $2.59 billion, a PE ratio of 37.79 and a beta of 1.13. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company 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%. FormFactor's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. As a group, equities analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer now directly owns 510,650 shares in the company, valued at $16,197,818. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were 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 approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,000 shares of company stock valued at $333,560. Insiders own 0.90% of the company's stock.

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.