FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 82.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,963,727 shares of the semiconductor company's stock after buying an additional 885,617 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.55% of FormFactor worth $55,554,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in FormFactor during the 4th quarter worth $27,000. Versant Capital Management Inc increased its position in shares of FormFactor by 256.3% in the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 861 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in shares of FormFactor in the fourth quarter worth approximately $43,000. CWM LLC increased its position in shares of FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock worth $65,000 after acquiring an additional 382 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of FormFactor by 52.3% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,813 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on FORM shares. B. Riley lifted their target price on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI lowered their target price 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. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Finally, DA Davidson cut their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given 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.

FormFactor Trading Up 1.0%

FORM traded up $0.34 during trading on Monday, hitting $35.62. The company's stock had a trading volume of 528,703 shares, compared to its average volume of 775,100. The stock's fifty day moving average price is $33.53 and its 200-day moving average price is $33.63. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $60.73. The firm has a market capitalization of $2.75 billion, a P/E ratio of 44.66 and a beta of 1.15. The company has a quick ratio of 3.56, a current ratio of 4.45 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. FormFactor had a return on equity of 6.47% and a net margin of 7.08%. The business had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same quarter last year, the company earned $0.18 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

In related news, Director Dennis Thomas St sold 3,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was 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. This trade represents a 6.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on 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 owned 510,650 shares in the company, valued at approximately $16,197,818. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% 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.