Allspring Global Investments Holdings LLC Lowers Position in FormFactor, Inc. (NASDAQ:FORM)

Allspring Global Investments Holdings LLC trimmed its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,624 shares of the semiconductor company's stock after selling 65,434 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.41% of FormFactor worth $13,373,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FORM. Cerity Partners LLC bought a new stake in FormFactor during the first quarter worth about $383,000. Belpointe Asset Management LLC raised its holdings in FormFactor by 170.1% during the first quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 684 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in FormFactor during the third quarter worth about $70,000. Tower Research Capital LLC TRC raised its holdings in FormFactor by 247.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company's stock worth $79,000 after acquiring an additional 1,771 shares in the last quarter. Finally, CWM LLC raised its holdings in FormFactor by 124.3% during the third quarter. CWM LLC now owns 2,761 shares of the semiconductor company's stock worth $96,000 after acquiring an additional 1,530 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FORM shares. Needham & Company LLC reiterated a "buy" rating and set a $46.00 target price on shares of FormFactor in a report on Thursday, February 8th. StockNews.com raised FormFactor from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. TD Cowen boosted their price target on FormFactor from $33.00 to $37.00 and gave the stock a "market perform" rating in a research report on Thursday, February 8th. TheStreet raised FormFactor from a "c" rating to a "b-" rating in a research report on Thursday, February 8th. Finally, Evercore ISI started coverage on FormFactor in a research report on Tuesday. They set an "in-line" rating and a $50.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.56.

FormFactor Stock Performance

Shares of FormFactor stock traded up $0.23 on Tuesday, hitting $44.32. The stock had a trading volume of 304,073 shares, compared to its average volume of 455,171. FormFactor, Inc. has a twelve month low of $24.88 and a twelve month high of $47.94. The business's 50 day moving average is $43.33 and its two-hundred day moving average is $39.66. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 41.59 and a beta of 1.18.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The company had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. Analysts forecast that FormFactor, Inc. will post 0.63 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the sale, the chief executive officer now owns 499,781 shares of the company's stock, valued at $21,680,499.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $43.38, for a total transaction of $173,520.00. Following the sale, the chief executive officer now owns 499,781 shares of the company's stock, valued at $21,680,499.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shai Shahar sold 10,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the sale, the chief financial officer now owns 27,591 shares of the company's stock, valued at $1,228,075.41. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock valued at $1,223,580 over the last 90 days. 0.96% of the stock is owned by corporate insiders.

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.