Russell Investments Group Ltd. Acquires 57,233 Shares of FormFactor, Inc. (NASDAQ:FORM)

Russell Investments Group Ltd. boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 142.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,327 shares of the semiconductor company's stock after purchasing an additional 57,233 shares during the period. Russell Investments Group Ltd. owned about 0.13% of FormFactor worth $4,060,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in FormFactor by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 21,965 shares of the semiconductor company's stock valued at $767,000 after acquiring an additional 298 shares in the last quarter. HighTower Advisors LLC increased its position in FormFactor by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company's stock valued at $684,000 after acquiring an additional 582 shares in the last quarter. Paralel Advisors LLC increased its position in FormFactor by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 60,044 shares of the semiconductor company's stock valued at $2,098,000 after acquiring an additional 678 shares in the last quarter. Blue Trust Inc. increased its position in FormFactor by 18.5% in the 4th quarter. Blue Trust Inc. now owns 5,284 shares of the semiconductor company's stock valued at $220,000 after acquiring an additional 824 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in FormFactor in the 4th quarter valued at about $55,000. 98.76% of the stock is owned by institutional investors.

FormFactor Trading Down 0.4 %

FormFactor stock traded down $0.20 during midday trading on Friday, hitting $56.45. 443,577 shares of the stock were exchanged, compared to its average volume of 560,917. The company has a fifty day simple moving average of $45.69 and a two-hundred day simple moving average of $41.42. FormFactor, Inc. has a 52 week low of $27.96 and a 52 week high of $57.39. The stock has a market capitalization of $4.38 billion, a PE ratio of 42.77 and a beta of 1.15. The company has a quick ratio of 3.67, a current ratio of 4.51 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. FormFactor had a net margin of 15.48% and a return on equity of 2.29%. The business had revenue of $168.16 million for the quarter, compared to analyst estimates of $165.49 million. Equities research analysts anticipate that FormFactor, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on FORM shares. B. Riley raised their price objective on shares of FormFactor from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Evercore ISI started coverage on shares of FormFactor in a research report on Tuesday, April 16th. They set an "in-line" rating and a $50.00 price target for the company. TD Cowen lifted their price target on shares of FormFactor from $37.00 to $48.00 and gave the stock a "hold" rating in a research report on Thursday, May 2nd. Citigroup lifted their price target on shares of FormFactor from $37.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Finally, Craig Hallum lifted their price target on shares of FormFactor from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $47.30.

Insider Buying and Selling at FormFactor

In other FormFactor news, 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 value of $421,200.00. Following the transaction, the chief financial officer now owns 67,141 shares of the company's stock, valued at $2,827,978.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Sheri Rhodes sold 13,319 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total value of $746,130.38. Following the sale, the director now owns 7,634 shares of the company's stock, valued at $427,656.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.12, for a total transaction of $421,200.00. Following the completion of the sale, the chief financial officer now directly 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 51,413 shares of company stock valued at $2,484,512. 0.96% of the stock is currently owned by corporate insiders.

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.