Silvercrest Asset Management Group LLC Decreases Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Silvercrest Asset Management Group LLC reduced its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 989,782 shares of the semiconductor company's stock after selling 54,385 shares during the quarter. Silvercrest Asset Management Group LLC owned 1.28% of FormFactor worth $43,550,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of FormFactor by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after purchasing an additional 484,176 shares during the period. Earnest Partners LLC grew its stake 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 valued at $265,632,000 after purchasing an additional 594,426 shares during the period. Alliancebernstein L.P. grew its stake in shares of FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock valued at $137,050,000 after purchasing an additional 1,742,493 shares during the period. Bank of America Corp DE grew its stake in shares of FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after purchasing an additional 585,117 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of FormFactor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after purchasing an additional 36,438 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FORM shares. B. Riley boosted their price objective on FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. DA Davidson cut their price objective on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Evercore ISI cut 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, May 1st. Stifel Nicolaus cut their price objective on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $42.71.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $16,197,818. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Price Performance

FORM stock traded down $0.06 during midday trading on Monday, hitting $32.00. The company's stock had a trading volume of 653,281 shares, compared to its average volume of 773,689. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 35.96 and a beta of 1.14. The company has a 50 day moving average of $28.92 and a two-hundred day moving average of $36.26.

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

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.