Dimensional Fund Advisors LP Increases Position in FormFactor, Inc. (NASDAQ:FORM)

Dimensional Fund Advisors LP increased its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,101,816 shares of the semiconductor company's stock after purchasing an additional 109,995 shares during the period. Dimensional Fund Advisors LP owned 2.71% of FormFactor worth $92,490,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its stake in FormFactor by 5.5% in the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 288 shares during the last quarter. Aviva PLC grew its holdings in shares of FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock valued at $649,000 after purchasing an additional 331 shares in the last quarter. Summit Investment Advisors Inc. increased its position in FormFactor by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company's stock worth $356,000 after purchasing an additional 400 shares during the last quarter. Manchester Capital Management LLC raised its stake in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. Finally, Xponance Inc. lifted its position in FormFactor by 10.1% during the fourth quarter. Xponance Inc. now owns 5,582 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 511 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company's 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 completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $395,760. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FORM shares. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday. B. Riley raised their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Stifel Nicolaus lowered their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, Evercore ISI dropped 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 note on Thursday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, FormFactor presently has an average rating of "Hold" and an average price target of $44.88.

FormFactor Trading Up 4.5 %

FORM stock traded up $1.29 during trading on Friday, hitting $30.26. The company had a trading volume of 671,558 shares, compared to its average volume of 778,424. The firm has a market capitalization of $2.33 billion, a P/E ratio of 34.00 and a beta of 1.14. 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 52-week low of $22.58 and a 52-week high of $63.63. The company has a 50 day simple moving average of $29.23 and a 200-day simple moving average of $37.36.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The firm had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company's revenue was up 1.6% on a year-over-year basis. As a group, 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.