Wellington Management Group LLP Reduces Holdings in FormFactor, Inc. (NASDAQ:FORM)

Wellington Management Group LLP lowered its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,158,363 shares of the semiconductor company's stock after selling 27,911 shares during the quarter. Wellington Management Group LLP owned about 1.49% of FormFactor worth $50,968,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in FormFactor by 11.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,720 shares of the semiconductor company's stock valued at $340,000 after buying an additional 822 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in FormFactor in the 4th quarter worth about $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in FormFactor by 45.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 164,585 shares of the semiconductor company's stock valued at $7,242,000 after purchasing an additional 51,487 shares during the last quarter. Vident Advisory LLC increased its stake in FormFactor by 21.5% during the 4th quarter. Vident Advisory LLC now owns 6,140 shares of the semiconductor company's stock valued at $270,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Soviero Asset Management LP purchased a new position in FormFactor in the fourth quarter worth about $3,256,000. Institutional investors own 98.76% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $126,880.00. Following the sale, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $93,720.00. Following the completion of the sale, the director now owns 40,957 shares in the company, valued at $1,279,496.68. This represents a 6.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock worth $333,560. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

FORM has been the subject of several recent analyst reports. B. Riley boosted 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. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Evercore ISI dropped their price target on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report 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 report on Thursday, February 6th. Finally, DA Davidson dropped their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock 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 company. According to MarketBeat.com, FormFactor has an average rating of "Hold" and an average target price of $42.71.

FormFactor Stock Performance

Shares of FORM traded up $0.99 on Tuesday, reaching $31.01. The company's stock had a trading volume of 128,927 shares, compared to its average volume of 769,566. 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 stock has a market capitalization of $2.39 billion, a P/E ratio of 34.84 and a beta of 1.14. The stock's 50 day simple moving average is $28.74 and its two-hundred day simple moving average is $35.58. 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 released its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The company had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. During the same quarter last year, the business earned $0.18 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. Research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

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.