Renaissance Technologies LLC Has $1.61 Million Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Renaissance Technologies LLC reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 79.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,568 shares of the semiconductor company's stock after selling 142,400 shares during the quarter. Renaissance Technologies LLC's holdings in FormFactor were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FORM. Bank of Montreal Can grew its holdings in FormFactor by 6.9% during the 4th quarter. Bank of Montreal Can now owns 9,473 shares of the semiconductor company's stock worth $417,000 after acquiring an additional 610 shares in the last quarter. MIG Capital LLC bought a new position in shares of FormFactor during the fourth quarter worth about $349,000. Envestnet Asset Management Inc. grew its stake in FormFactor by 9.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 395,858 shares of the semiconductor company's stock worth $17,418,000 after purchasing an additional 32,843 shares in the last quarter. Aviva PLC increased its holdings in FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company's stock valued at $649,000 after buying an additional 331 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in FormFactor by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 284,778 shares of the semiconductor company's stock valued at $12,530,000 after buying an additional 17,571 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

FormFactor Stock Performance

Shares of NASDAQ FORM traded up $1.17 during midday trading on Friday, reaching $30.14. 179,514 shares of the company traded hands, compared to its average volume of 776,634. The stock has a 50-day moving average price of $29.23 and a 200 day moving average price of $37.36. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 33.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $63.63.

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

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the transaction, the chief executive officer now directly owns 518,531 shares of the company's stock, valued at $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 12,000 shares of company stock worth $395,760. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FORM. Stifel Nicolaus lowered their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday. DA Davidson dropped their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday. Evercore ISI lowered their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research note on Thursday. Finally, Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $44.88.

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.