FormFactor, Inc. (NASDAQ:FORM) Shares Purchased by Sora Investors LLC

Sora Investors LLC lifted its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 77.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 354,740 shares of the semiconductor company's stock after purchasing an additional 154,740 shares during the period. FormFactor comprises 1.7% of Sora Investors LLC's portfolio, making the stock its 23rd largest holding. Sora Investors LLC owned approximately 0.46% of FormFactor worth $15,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its holdings in FormFactor by 351.9% during the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after acquiring an additional 113,296 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of FormFactor by 14.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company's stock worth $362,000 after purchasing an additional 972 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of FormFactor by 19.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company's stock worth $11,040,000 after purchasing an additional 40,612 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of FormFactor by 0.7% during the fourth quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company's stock valued at $4,874,000 after buying an additional 739 shares during the last quarter. Finally, Blue Trust Inc. raised its position in FormFactor by 10.2% during the fourth quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company's stock valued at $307,000 after purchasing an additional 617 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FORM has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. DA Davidson dropped their price objective 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 lifted their price objective on shares of FormFactor from $26.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Evercore ISI dropped their target price on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $42.71.

Insider Activity

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the sale, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.90% of the company's stock.

FormFactor Stock Performance

Shares of FORM traded down $0.43 during trading hours on Wednesday, hitting $31.49. The stock had a trading volume of 254,668 shares, compared to its average volume of 884,224. The firm has a 50-day moving average price of $28.95 and a 200 day moving average price of $36.23. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 35.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61.

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