61,799 Shares in FormFactor, Inc. (NASDAQ:FORM) Acquired by Select Equity Group L.P.

Select Equity Group L.P. bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 large investors also recently added to or reduced their stakes in FORM. Pinpoint Asset Management Ltd bought a new position in FormFactor during the fourth quarter valued at $43,000. Manchester Capital Management LLC lifted its position in shares of FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 1,609 shares during the period. Smartleaf Asset Management LLC increased its holdings in FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 1,181 shares during the period. Finally, KBC Group NV raised its holdings in shares of FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock valued at $160,000 after acquiring an additional 1,717 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on FORM shares. DA Davidson reduced their price objective on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Evercore ISI dropped their target price 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 reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Stifel Nicolaus cut their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, B. Riley upped their price target on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating 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. According to data from MarketBeat, FormFactor currently has a consensus rating of "Hold" and an average price target of $42.71.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the sale, the chief executive officer now directly owns 510,650 shares of the company's stock, valued at approximately $16,197,818. The trade was a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company's stock.

FormFactor Stock Performance

NASDAQ:FORM traded down $0.55 during trading hours on Friday, reaching $30.23. 118,754 shares of the company's stock were exchanged, compared to its average volume of 769,686. The company has a 50-day moving average of $28.90 and a 200 day moving average of $36.14. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 33.91 and a beta of 1.14. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $171.36 million during 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%. FormFactor'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 earnings per share. Research analysts anticipate 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.