Select Equity Group L.P. Makes New $2.72 Million Investment in FormFactor, Inc. (NASDAQ:FORM)

Select Equity Group L.P. acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 61,799 shares of the semiconductor company's stock, valued at approximately $2,719,000. Select Equity Group L.P. owned approximately 0.08% of FormFactor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of FormFactor by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after purchasing an additional 484,176 shares during the period. Earnest Partners LLC grew its position 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 worth $265,632,000 after acquiring an additional 594,426 shares during the last quarter. Alliancebernstein L.P. boosted 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 worth $137,050,000 after buying an additional 1,742,493 shares during the period. Bank of America Corp DE increased its stake in FormFactor by 29.9% in the 4th 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. Finally, Geode Capital Management LLC raised its stake in shares of FormFactor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock worth $92,577,000 after buying an additional 36,438 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total transaction of $112,960.00. Following the transaction, the chief executive officer now owns 514,650 shares in the company, valued at approximately $14,533,716. The trade was a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company's stock.

FormFactor Trading Down 1.5%

Shares of FORM traded down $0.47 during midday trading on Wednesday, hitting $31.44. The stock had a trading volume of 748,064 shares, compared to its average volume of 773,714. The business has a 50-day simple moving average of $28.95 and a two-hundred day simple moving average of $36.23. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. 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 market cap of $2.42 billion, a P/E ratio of 35.33 and a beta of 1.14.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data 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. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The firm had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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

FormFactor 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.