Northern Trust Corp Buys 79,919 Shares of FormFactor, Inc. (NASDAQ:FORM)

Northern Trust Corp boosted its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 887,877 shares of the semiconductor company's stock after acquiring an additional 79,919 shares during the period. Northern Trust Corp owned 1.15% of FormFactor worth $39,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in FormFactor by 127.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after buying an additional 1,742,493 shares during the period. Earnest Partners LLC boosted its position in shares of FormFactor by 10.9% during the 4th quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock worth $265,632,000 after acquiring an additional 594,426 shares in the last quarter. Vanguard Group Inc. increased its stake in FormFactor by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after acquiring an additional 484,176 shares during the last quarter. Sei Investments Co. raised its position in FormFactor by 34.5% during the fourth quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock valued at $70,202,000 after purchasing an additional 409,304 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in FormFactor by 30.1% during the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock worth $77,312,000 after purchasing an additional 406,768 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FORM shares. DA Davidson lowered their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, May 1st. B. Riley increased their price target on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Stifel Nicolaus cut their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Finally, Evercore ISI dropped their price target on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.71.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the sale, the chief executive officer now directly owns 510,650 shares in the company, valued at approximately $16,197,818. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company's stock.

FormFactor Stock Up 0.7%

NASDAQ:FORM traded up $0.22 on Tuesday, hitting $32.39. The stock had a trading volume of 509,704 shares, compared to its average volume of 771,412. 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 52 week low of $22.58 and a 52 week high of $63.63. The business's fifty day moving average is $28.86 and its 200 day moving average is $36.59. The company has a market cap of $2.50 billion, a PE ratio of 36.39 and a beta of 1.14.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company had revenue of $171.36 million for the quarter, compared to analysts' expectations of $170.03 million. During the same period last year, the business earned $0.18 EPS. FormFactor's quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.