Royal Bank of Canada Sells 45,912 Shares of FormFactor, Inc. (NASDAQ:FORM)

Royal Bank of Canada lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 658,196 shares of the semiconductor company's stock after selling 45,912 shares during the quarter. Royal Bank of Canada owned approximately 0.85% of FormFactor worth $28,961,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in FormFactor by 351.9% during the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after buying an additional 113,296 shares during the period. IFP Advisors Inc raised its position in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares during the last quarter. Swiss National Bank raised its position in shares of FormFactor by 0.9% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock worth $6,697,000 after purchasing an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of FormFactor by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock worth $40,499,000 after purchasing an additional 34,338 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of FormFactor by 22.4% in the 4th quarter. Sanctuary Advisors LLC now owns 18,225 shares of the semiconductor company's stock worth $802,000 after purchasing an additional 3,333 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FORM. B. Riley lifted their price target on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Evercore ISI lowered 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 lowered their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. DA Davidson lowered their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.71.

FormFactor Stock Performance

NASDAQ FORM traded up $1.58 during trading hours on Tuesday, hitting $31.95. The company's stock had a trading volume of 653,505 shares, compared to its average volume of 772,491. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The company's 50 day simple moving average is $28.81 and its two-hundred day simple moving average is $35.91. The company has a market cap of $2.46 billion, a P/E ratio of 35.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

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

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the business'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 transaction of $126,880.00. Following the completion of the transaction, the chief executive officer now directly owns 510,650 shares in the company, valued at approximately $16,197,818. The trade was a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company's stock.

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.