UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in FormFactor, Inc. (NASDAQ:FORM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 45.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,585 shares of the semiconductor company's stock after buying an additional 51,487 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of FormFactor worth $7,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FORM. Alliancebernstein L.P. lifted its position in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after buying an additional 1,742,493 shares during the last quarter. Earnest Partners LLC lifted its position in shares of FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after buying an additional 594,426 shares during the last quarter. Bank of America Corp DE lifted its holdings in FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock worth $111,861,000 after purchasing an additional 585,117 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in FormFactor by 138.2% during the 4th quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company's stock worth $43,205,000 after purchasing an additional 569,677 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after purchasing an additional 484,176 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FORM shares. B. Riley increased 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. Stifel Nicolaus dropped their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Evercore ISI dropped their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. DA Davidson dropped their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $42.71.

Insider Activity

In other news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director now directly owns 40,957 shares in the company, valued at approximately $1,279,496.68. This represents a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the sale, the chief executive officer now owns 510,650 shares of the company's stock, valued at $16,197,818. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,000 shares of company stock worth $333,560. 0.90% of the stock is currently owned by insiders.

FormFactor Price Performance

NASDAQ FORM traded down $0.03 during trading on Thursday, reaching $32.19. The company's stock had a trading volume of 557,529 shares, compared to its average volume of 774,940. The stock has a market capitalization of $2.48 billion, a PE ratio of 36.17 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. The firm has a fifty day moving average of $28.92 and a 200 day moving average of $35.49. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm 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 company's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. Analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.