Lazard Asset Management LLC Acquires 33,978 Shares of FormFactor, Inc. (NASDAQ:FORM)

Lazard Asset Management LLC grew its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 180.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,759 shares of the semiconductor company's stock after acquiring an additional 33,978 shares during the quarter. Lazard Asset Management LLC owned 0.07% of FormFactor worth $2,321,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pinpoint Asset Management Ltd bought a new stake in FormFactor in the fourth quarter worth $43,000. Manchester Capital Management LLC boosted its holdings in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 440 shares in the last quarter. IFP Advisors Inc raised its stake in shares of FormFactor by 4,732.4% in the fourth 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 during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 1,181 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 1,717 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

FormFactor stock traded down $0.47 during mid-day trading on Wednesday, reaching $31.44. 748,064 shares of the stock traded hands, compared to its average volume of 772,763. The stock has a market capitalization of $2.42 billion, a PE ratio of 35.33 and a beta of 1.14. 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 business's 50-day moving average is $28.95 and its 200-day moving average is $36.23.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $171.36 million during 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%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FORM. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. DA Davidson decreased 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. Evercore ISI decreased 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. Stifel Nicolaus decreased their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, B. Riley boosted 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. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, FormFactor has an average rating of "Hold" and an average target price of $42.71.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company'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 completion of the sale, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.90% of the company's stock.

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.