Natixis Advisors LLC Acquires 21,573 Shares of FormFactor, Inc. (NASDAQ:FORM)

Key Points

• Natixis Advisors LLC has increased its stake in FormFactor, Inc. by 11.7%, now owning 206,093 shares valued at approximately $5.83 million.
• Institutional investors hold 98.76% of FormFactor's stock, highlighting significant institutional interest in the semiconductor company.
• FormFactor's stock has fallen 5.3% recently, trading at $27.60, and analysts are divided on its future, with ratings ranging from "sell" to "buy".

Natixis Advisors LLC grew its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 11.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,093 shares of the semiconductor company's stock after purchasing an additional 21,573 shares during the period. Natixis Advisors LLC owned about 0.27% of FormFactor worth $5,830,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in FormFactor during the 4th quarter worth about $27,000. Versant Capital Management Inc increased its stake in shares of FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 861 shares during the last quarter. CWM LLC increased its stake in shares of FormFactor by 19.9% in the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after acquiring an additional 382 shares during the last quarter. GAMMA Investing LLC increased its stake in FormFactor by 52.3% during the 1st 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 in the last quarter. Finally, Advisory Services Network LLC bought a new stake in FormFactor during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity at FormFactor

In related news, Director Dennis Thomas St sold 3,000 shares of the firm's 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 transaction, the director owned 40,957 shares in the company, valued at approximately $1,279,496.68. This trade 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. Insiders own 0.90% of the company's stock.

FormFactor Stock Performance

FORM stock traded up $0.60 during trading hours on Friday, hitting $28.58. 587,464 shares of the stock were exchanged, compared to its average volume of 880,587. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.20 billion, a P/E ratio of 51.04 and a beta of 1.16. The company has a 50-day simple moving average of $33.60 and a two-hundred day simple moving average of $32.51. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $51.68.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%. The firm had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. During the same quarter in the previous year, the business earned $0.35 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Evercore ISI reduced their price target on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus cut their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, July 31st. Wall Street Zen downgraded FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. B. Riley raised their price target on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $41.14.

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.