FormFactor, Inc. (NASDAQ:FORM) Stock Holdings Lowered by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,420 shares of the semiconductor company's stock after selling 151,785 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of FormFactor worth $2,262,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FORM. Alliancebernstein L.P. boosted its stake 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 worth $137,050,000 after purchasing an additional 1,742,493 shares during the last quarter. Vanguard Group Inc. boosted its position in FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after acquiring an additional 484,176 shares during the last quarter. Sei Investments Co. raised its holdings in FormFactor by 34.5% in the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock valued at $70,202,000 after acquiring an additional 409,304 shares during the last quarter. Royce & Associates LP lifted its stake in shares of FormFactor by 30.1% during the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock worth $77,312,000 after purchasing an additional 406,768 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of FormFactor during the fourth quarter worth $14,222,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor 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 directly owns 510,650 shares in the company, valued at $16,197,818. This trade represents a 0.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FORM has been the topic of several research analyst reports. Evercore ISI decreased their target price on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. DA Davidson reduced their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. B. Riley lifted their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company 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. Finally, Stifel Nicolaus cut their price objective 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. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, FormFactor has an average rating of "Hold" and an average price target of $42.71.

FormFactor Stock Up 1.0 %

Shares of FormFactor stock traded up $0.31 during trading on Thursday, reaching $29.97. The company had a trading volume of 550,334 shares, compared to its average volume of 769,615. 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 company has a market cap of $2.31 billion, a price-to-earnings ratio of 33.67 and a beta of 1.14. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The firm's fifty day moving average is $28.93 and its 200-day moving average is $36.96.

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