Invesco Ltd. Sells 197,809 Shares of FormFactor, Inc. (NASDAQ:FORM)

Invesco Ltd. decreased its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 774,577 shares of the semiconductor company's stock after selling 197,809 shares during the quarter. Invesco Ltd. owned 1.00% of FormFactor worth $34,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pinpoint Asset Management Ltd bought a new stake in shares of FormFactor in the 4th quarter worth approximately $43,000. Manchester Capital Management LLC lifted its stake in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares during the last quarter. IFP Advisors Inc lifted its stake in FormFactor by 4,732.4% in the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after buying an additional 1,181 shares during the period. Finally, KBC Group NV grew its stake in shares of FormFactor by 90.0% during the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock valued at $160,000 after buying an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FORM. Evercore ISI lowered their target price on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. B. Riley downgraded FormFactor from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and raised their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $48.50.

FormFactor Trading Up 2.2 %

Shares of NASDAQ:FORM traded up $0.55 on Tuesday, hitting $25.54. The company had a trading volume of 908,750 shares, compared to its average volume of 767,505. The firm's 50-day simple moving average is $30.47 and its two-hundred day simple moving average is $38.22. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 28.70 and a beta of 1.15. 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 1 year low of $22.58 and a 1 year high of $63.63.

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

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the completion of the transaction, the chief executive officer now owns 514,650 shares of the company's stock, valued at approximately $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by corporate insiders.

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.