Susquehanna Fundamental Investments LLC Makes New $1.50 Million Investment in FormFactor, Inc. (NASDAQ:FORM)

Susquehanna Fundamental Investments LLC acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,105 shares of the semiconductor company's stock, valued at approximately $1,501,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of FormFactor by 127.0% in 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. Vanguard Group Inc. lifted its position in FormFactor by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock valued at $465,575,000 after acquiring an additional 484,176 shares in the last quarter. Sei Investments Co. boosted its stake in FormFactor by 34.5% in the 4th quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company's stock worth $70,202,000 after purchasing an additional 409,304 shares during the period. Royce & Associates LP raised its stake in shares of FormFactor by 30.1% in the 4th quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company's stock valued at $77,312,000 after purchasing an additional 406,768 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of FormFactor during the fourth quarter worth about $14,222,000. Institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. B. Riley upped their price target on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and raised their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Finally, DA Davidson lowered their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, FormFactor has a consensus rating of "Hold" and an average price target of $42.71.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction 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 directly owns 510,650 shares in the company, valued at approximately $16,197,818. This trade represents a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company's stock.

FormFactor Trading Down 1.7 %

FORM traded down $0.50 during trading on Tuesday, hitting $29.31. The company's stock had a trading volume of 82,972 shares, compared to its average volume of 769,579. The stock's fifty day moving average price is $29.07 and its 200-day moving average price is $37.07. The firm has a market capitalization of $2.26 billion, a P/E ratio of 33.00 and a beta of 1.14. The company has a quick ratio of 3.83, a current ratio of 4.61 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.

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, beating 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 firm had revenue of $171.36 million during the quarter, compared to the consensus estimate of $170.03 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. Analysts anticipate 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.