Man Group plc Trims Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Man Group plc lowered its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 76.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,200 shares of the semiconductor company's stock after selling 16,664 shares during the quarter. Man Group plc's holdings in FormFactor were worth $229,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Needham Investment Management LLC raised its position in FormFactor by 0.9% in the fourth quarter. Needham Investment Management LLC now owns 625,500 shares of the semiconductor company's stock valued at $27,522,000 after purchasing an additional 5,500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FormFactor by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,071 shares of the semiconductor company's stock valued at $1,939,000 after acquiring an additional 1,682 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of FormFactor by 180.9% during the fourth quarter. Lazard Asset Management LLC now owns 52,759 shares of the semiconductor company's stock worth $2,321,000 after purchasing an additional 33,978 shares during the period. Ellevest Inc. grew its stake in shares of FormFactor by 7.1% in the fourth quarter. Ellevest Inc. now owns 8,907 shares of the semiconductor company's stock worth $392,000 after purchasing an additional 590 shares during the last quarter. Finally, Ethic Inc. increased its holdings in FormFactor by 69.9% in the fourth quarter. Ethic Inc. now owns 9,294 shares of the semiconductor company's stock valued at $409,000 after purchasing an additional 3,825 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FormFactor

In other FormFactor news, 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 transaction of $93,720.00. Following the completion of the transaction, the director now directly owns 40,957 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the sale, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock worth $333,560 in the last 90 days. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. DA Davidson reduced their price target 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 dropped their price objective on shares of 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 raised 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.71.

FormFactor Stock Down 4.4%

NASDAQ:FORM traded down $1.38 during trading hours on Friday, hitting $29.76. 648,273 shares of the company traded hands, compared to its average volume of 772,888. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.29 billion, a PE ratio of 33.44 and a beta of 1.14. The firm's 50-day simple moving average is $28.74 and its 200-day simple moving average is $35.63. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The company had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. During the same period last year, the firm earned $0.18 earnings per share. The firm's revenue was up 1.6% on a year-over-year basis. Equities analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.