Sora Investors LLC Has $15.61 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Sora Investors LLC grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 77.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 354,740 shares of the semiconductor company's stock after acquiring an additional 154,740 shares during the period. FormFactor accounts for 1.7% of Sora Investors LLC's investment portfolio, making the stock its 23rd biggest holding. Sora Investors LLC owned 0.46% of FormFactor worth $15,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of FORM. Pinpoint Asset Management Ltd purchased a new position in shares of FormFactor during the 4th quarter valued at $43,000. Manchester Capital Management LLC boosted its holdings in 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 boosted its holdings in FormFactor by 4,732.4% in the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,609 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in FormFactor by 146.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 1,181 shares in the last quarter. Finally, KBC Group NV boosted its holdings in FormFactor by 90.0% in the fourth quarter. KBC Group NV now owns 3,625 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 1,717 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. DA Davidson decreased 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. B. Riley upped their price objective on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Stifel Nicolaus decreased their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Finally, Evercore ISI decreased their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.71.

FormFactor Stock Performance

FormFactor stock traded down $0.06 on Monday, reaching $32.00. 653,281 shares of the stock were exchanged, compared to its average volume of 773,689. The stock has a market cap of $2.47 billion, a PE ratio of 35.96 and a beta of 1.14. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63. The firm has a fifty day moving average price of $28.90 and a two-hundred day moving average price of $36.30.

FormFactor (NASDAQ:FORM - Get Free Report) last released its 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. The firm had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The business's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company's stock.

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.