Squarepoint Ops LLC Has $2.06 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Squarepoint Ops LLC reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 34.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,797 shares of the semiconductor company's stock after selling 24,307 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of FormFactor worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. State of Wyoming increased its stake in FormFactor by 214.6% in the fourth quarter. State of Wyoming now owns 9,680 shares of the semiconductor company's stock valued at $426,000 after purchasing an additional 6,603 shares during the last quarter. Select Equity Group L.P. acquired a new position in FormFactor during the 4th quarter worth approximately $2,719,000. Sora Investors LLC lifted its position in shares of FormFactor by 77.4% during the fourth quarter. Sora Investors LLC now owns 354,740 shares of the semiconductor company's stock worth $15,609,000 after purchasing an additional 154,740 shares in the last quarter. ProShare Advisors LLC lifted its holdings in FormFactor by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 23,334 shares of the semiconductor company's stock worth $1,027,000 after buying an additional 7,183 shares in the last quarter. Finally, Needham Investment Management LLC lifted its stake in shares of FormFactor by 0.9% in the fourth quarter. Needham Investment Management LLC now owns 625,500 shares of the semiconductor company's stock worth $27,522,000 after acquiring an additional 5,500 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the transaction, the director now owns 40,957 shares of the company's stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the sale, the chief executive officer now directly owns 510,650 shares in the company, valued at approximately $16,197,818. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $333,560 in the last quarter. Insiders own 0.96% of the company's stock.

FormFactor Stock Down 4.4%

Shares of NASDAQ FORM traded down $1.38 during mid-day trading on Friday, reaching $29.76. The company had a trading volume of 648,273 shares, compared to its average volume of 774,057. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 33.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The stock has a fifty day moving average of $28.74 and a two-hundred day moving average of $35.69. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $171.36 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. As a group, equities research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson decreased their price target on 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 reduced their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Finally, B. Riley lifted their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.71.

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.