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

Silvercrest Asset Management Group LLC lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 989,782 shares of the semiconductor company's stock after selling 54,385 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 1.28% of FormFactor worth $43,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Pinpoint Asset Management Ltd bought a new stake in FormFactor during the 4th quarter worth approximately $43,000. Manchester Capital Management LLC increased its stake in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after buying an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,181 shares during the period. Finally, KBC Group NV boosted its holdings in FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after buying an additional 1,717 shares during the period. Institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at FormFactor

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 transaction, the chief executive officer now owns 510,650 shares of the company's stock, valued at approximately $16,197,818. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company's stock.

FormFactor Price Performance

Shares of FormFactor stock traded down $0.43 during trading hours on Wednesday, reaching $31.48. The company's stock had a trading volume of 254,668 shares, compared to its average volume of 884,224. The stock has a market cap of $2.43 billion, a P/E ratio of 35.38 and a beta of 1.14. FormFactor, Inc. has a one year low of $22.58 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The firm has a 50 day moving average price of $28.95 and a 200-day moving average price of $36.23.

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