Neumeier Poma Investment Counsel LLC Decreases Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Key Points

• Neumeier Poma Investment Counsel LLC reduced its stock holdings in FormFactor, Inc. by 24.6%, selling 99,740 shares and ending the quarter with approximately 0.40% of the company’s shares valued at $8.64 million.
• FormFactor recently reported its quarterly earnings, posting $0.27 EPS, which was short of the analysts' expectations of $0.30, with revenue slightly increasing to $195.80 million.
• Institutional investors currently own 98.76% of FormFactor's stock, suggesting strong confidence in the company, despite recent adjustments to stock ratings by several brokerages.

Neumeier Poma Investment Counsel LLC trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 24.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,390 shares of the semiconductor company's stock after selling 99,740 shares during the quarter. Neumeier Poma Investment Counsel LLC owned approximately 0.40% of FormFactor worth $8,639,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Earnest Partners LLC grew its position in FormFactor by 10.9% during the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after buying an additional 594,426 shares during the period. Bank of America Corp DE grew its position in FormFactor by 29.9% during the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after buying an additional 585,117 shares during the period. Geode Capital Management LLC grew its position in FormFactor by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after buying an additional 36,438 shares during the period. Dimensional Fund Advisors LP grew its position in FormFactor by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,101,816 shares of the semiconductor company's stock valued at $92,490,000 after buying an additional 109,995 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in FormFactor by 82.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company's stock valued at $55,554,000 after buying an additional 885,617 shares during the period. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Down 5.3%

NASDAQ FORM opened at $27.60 on Thursday. The company's 50-day moving average price is $33.69 and its 200-day moving average price is $32.72. 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 stock has a market cap of $2.13 billion, a PE ratio of 49.28 and a beta of 1.16. 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 results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). The company had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were 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 in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FORM. Stifel Nicolaus cut their target price on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. DA Davidson dropped their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Evercore ISI decreased their price target on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of FormFactor from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $41.14.

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.

Want to see what other hedge funds are holding FORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FormFactor, Inc. (NASDAQ:FORM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.