American Century Companies Inc. Trims Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

American Century Companies Inc. decreased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 98.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,356 shares of the semiconductor company's stock after selling 595,466 shares during the quarter. American Century Companies Inc.'s holdings in FormFactor were worth $412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in FormFactor by 1.4% during the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company's stock worth $134,019,000 after acquiring an additional 39,784 shares in the last quarter. Geode Capital Management LLC raised its stake in FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after buying an additional 73,982 shares in the last quarter. Royce & Associates LP boosted its position 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 acquiring an additional 406,768 shares in the last quarter. Channing Capital Management LLC increased its holdings in shares of FormFactor by 10.3% in the 4th quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company's stock valued at $67,225,000 after acquiring an additional 142,776 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in FormFactor by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock worth $40,499,000 after purchasing an additional 34,338 shares during 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 have weighed in on the stock. 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. Evercore ISI cut their price target on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $44.00 to $51.00 in a report on Monday, January 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and cut their target price for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, FormFactor presently has an average rating of "Hold" and a consensus price target of $48.50.

FormFactor Trading Down 1.2 %

FORM traded down $0.32 during midday trading on Thursday, hitting $25.61. The company's stock had a trading volume of 85,444 shares, compared to its average volume of 903,652. The firm has a market cap of $1.99 billion, a P/E ratio of 28.76 and a beta of 1.15. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $63.63. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $31.32 and a two-hundred day moving average price of $38.82.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. On average, research analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.96% of the company's stock.

About FormFactor

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.