Natixis Advisors LLC Buys 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 raised its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,093 shares of the semiconductor company's stock after acquiring an additional 21,573 shares during the quarter. Natixis Advisors LLC owned approximately 0.27% of FormFactor worth $5,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in FormFactor during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc lifted its stake in 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 during the period. CWM LLC boosted its holdings in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after acquiring an additional 382 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of FormFactor during the 4th quarter valued at about $202,000. Finally, GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 1,813 shares during the period. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

NASDAQ:FORM traded up $0.36 during mid-day trading on Thursday, reaching $27.98. The company's stock had a trading volume of 1,164,636 shares, compared to its average volume of 846,034. The firm's fifty day moving average price is $33.69 and its two-hundred day moving average price is $32.72. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $51.68. The stock has a market cap of $2.16 billion, a P/E ratio of 40.03 and a beta of 1.16. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) 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 company had revenue of $195.80 million during the quarter, compared to analysts' expectations of $190.17 million. During the same quarter in the prior year, the business posted $0.35 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FORM shares. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson lowered their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. B. Riley increased their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen lowered FormFactor from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Evercore ISI cut their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FormFactor currently has a consensus rating of "Hold" and a consensus target price of $41.14.

Insider Activity at FormFactor

In other FormFactor 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 value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.

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.