Rhumbline Advisers Purchases 8,121 Shares of FormFactor, Inc. (NASDAQ:FORM)

Rhumbline Advisers boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,192 shares of the semiconductor company's stock after acquiring an additional 8,121 shares during the period. Rhumbline Advisers owned approximately 0.28% of FormFactor worth $6,229,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 288 shares during the last quarter. Aviva PLC boosted its holdings in FormFactor by 2.3% during the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock worth $649,000 after buying an additional 331 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in FormFactor by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after acquiring an additional 400 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after buying an additional 440 shares during the period. Finally, Xponance Inc. increased its holdings in shares of FormFactor by 10.1% in the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock worth $246,000 after acquiring an additional 511 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on FORM shares. Evercore ISI cut their price target on 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 reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. B. Riley upped their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, DA Davidson lowered their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and an average price target of $42.71.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief executive officer now owns 510,650 shares of the company's stock, valued at $16,197,818. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director now directly owns 40,957 shares in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,000 shares of company stock valued at $333,560. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Price Performance

FORM stock traded down $0.75 during mid-day trading on Thursday, hitting $34.35. The stock had a trading volume of 408,465 shares, compared to its average volume of 779,392. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63. The firm has a market capitalization of $2.65 billion, a P/E ratio of 38.60 and a beta of 1.13. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $29.52 and a 200 day simple moving average of $35.33.

FormFactor (NASDAQ:FORM - Get Free Report) last posted 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 the consensus estimate of $170.03 million. During the same period last year, the company posted $0.18 EPS. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

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.