FormFactor, Inc. (NASDAQ:FORM) Position Boosted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 89.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,271 shares of the semiconductor company's stock after purchasing an additional 63,425 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.17% of FormFactor worth $5,600,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Calamos Advisors LLC acquired a new stake in FormFactor in the 4th quarter valued at about $1,502,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in FormFactor by 18.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,823 shares of the semiconductor company's stock valued at $743,000 after acquiring an additional 2,725 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in FormFactor in the 4th quarter valued at about $202,000. Louisiana State Employees Retirement System acquired a new stake in FormFactor in the 4th quarter valued at about $1,623,000. Finally, Peregrine Capital Management LLC acquired a new stake in FormFactor in the 4th quarter valued at about $5,967,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on FORM shares. Evercore ISI started coverage on shares of FormFactor in a research note on Tuesday. They set an "in-line" rating and a $50.00 price target on the stock. TheStreet raised shares of FormFactor from a "c" rating to a "b-" rating in a research note on Thursday, February 8th. StockNews.com cut shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Friday. TD Cowen raised their price target on shares of FormFactor from $33.00 to $37.00 and gave the stock a "market perform" rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $46.00 price target on shares of FormFactor in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.56.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now owns 495,781 shares in the company, valued at $22,776,179.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the sale, the chief executive officer now owns 495,781 shares in the company, valued at $22,776,179.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the sale, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,000 shares of company stock worth $1,223,580. Company insiders own 0.96% of the company's stock.

FormFactor Trading Down 3.2 %

Shares of FORM traded down $1.33 during mid-day trading on Friday, hitting $40.76. The company had a trading volume of 571,956 shares, compared to its average volume of 361,436. The business's 50-day simple moving average is $43.57 and its 200-day simple moving average is $39.86. The company has a quick ratio of 3.52, a current ratio of 4.38 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1-year low of $24.88 and a 1-year high of $47.94. The stock has a market cap of $3.16 billion, a PE ratio of 38.45 and a beta of 1.18.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly 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 net margin of 12.42% and a return on equity of 2.43%. The firm had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. Sell-side analysts forecast that FormFactor, Inc. will post 0.63 earnings per share for the current year.

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.