Two Sigma Investments LP Trims Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Two Sigma Investments LP reduced its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 59.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,312 shares of the semiconductor company's stock after selling 88,245 shares during the period. Two Sigma Investments LP owned about 0.08% of FormFactor worth $2,610,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FORM. Pinpoint Asset Management Ltd acquired a new position in FormFactor during the fourth quarter valued at $43,000. Manchester Capital Management LLC raised its stake in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after buying an additional 440 shares during the last quarter. IFP Advisors Inc lifted its holdings 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 valued at $72,000 after buying an additional 1,609 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after buying an additional 1,181 shares during the period. Finally, KBC Group NV boosted its stake 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 worth $160,000 after buying an additional 1,717 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of NASDAQ FORM traded up $0.86 during trading on Wednesday, hitting $32.22. The company had a trading volume of 722,555 shares, compared to its average volume of 774,547. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 36.20 and a beta of 1.14. The stock has a fifty day simple moving average of $28.84 and a two-hundred day simple moving average of $35.53. 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, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63.

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

Insiders Place Their Bets

In other FormFactor news, Director Dennis Thomas St sold 3,000 shares of the firm'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 completion of the sale, the director now directly owns 40,957 shares of the company's stock, valued at $1,279,496.68. This trade represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction 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 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 have sold 11,000 shares of company stock valued at $333,560 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FORM shares. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Evercore ISI dropped their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. DA Davidson decreased their target price 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. Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Finally, B. Riley increased their target price on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, FormFactor presently has a consensus rating of "Hold" and a consensus 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.