Rhumbline Advisers Increases Holdings in FormFactor, Inc. (NASDAQ:FORM)

Rhumbline Advisers grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,192 shares of the semiconductor company's stock after buying an additional 8,121 shares during the quarter. Rhumbline Advisers owned 0.28% of FormFactor worth $6,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FORM. Alliancebernstein L.P. grew its stake in shares of FormFactor by 127.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after buying an additional 1,742,493 shares during the last quarter. Earnest Partners LLC grew its stake in shares of 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 last quarter. Bank of America Corp DE grew its stake in shares of 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 last quarter. Ameriprise Financial Inc. grew its stake in shares of FormFactor by 138.2% during the fourth quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company's stock valued at $43,205,000 after buying an additional 569,677 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after buying an additional 484,176 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Down 2.1%

FormFactor stock traded down $0.72 during trading hours on Friday, hitting $33.63. 545,784 shares of the stock traded hands, compared to its average volume of 780,629. The firm's 50-day moving average price is $29.93 and its two-hundred day moving average price is $35.21. 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 company has a market cap of $2.59 billion, a PE ratio of 37.79 and a beta of 1.13. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The business's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. On average, research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the company'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 now directly owns 510,650 shares of the company's stock, valued at approximately $16,197,818. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the sale, the director now directly owns 40,957 shares in the company, valued at $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,000 shares of company stock worth $333,560. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of recent research reports. B. Riley raised their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. DA Davidson cut 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. Finally, Evercore ISI cut their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $42.71.

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.