Wells Fargo & Company MN Has $12.53 Million Holdings in FormFactor, Inc. (NASDAQ:FORM)

Wells Fargo & Company MN boosted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,778 shares of the semiconductor company's stock after purchasing an additional 17,571 shares during the quarter. Wells Fargo & Company MN owned approximately 0.37% of FormFactor worth $12,530,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd acquired a new stake in shares of FormFactor during the 4th quarter worth approximately $43,000. Massachusetts Financial Services Co. MA lifted its stake in FormFactor by 1.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,078,110 shares of the semiconductor company's stock valued at $47,437,000 after buying an additional 14,459 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of FormFactor by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after acquiring an additional 36,438 shares during the period. Franklin Resources Inc. increased its holdings in shares of FormFactor by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 397,219 shares of the semiconductor company's stock worth $17,478,000 after acquiring an additional 8,475 shares during the period. Finally, Alliancebernstein L.P. lifted its position in 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 last quarter. Institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FORM. B. Riley cut FormFactor from a "buy" rating to a "neutral" rating and cut their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Stifel Nicolaus cut their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Evercore ISI decreased their target price on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $48.50.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the transaction, the chief executive officer now directly owns 518,531 shares of the company's stock, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Trading Down 3.1 %

Shares of NASDAQ:FORM traded down $0.81 during midday trading on Friday, reaching $25.12. The company had a trading volume of 1,579,882 shares, compared to its average volume of 760,258. The company has a fifty day simple moving average of $30.91 and a two-hundred day simple moving average of $38.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 28.23 and a beta of 1.15. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Research analysts predict that FormFactor, Inc. will post 0.9 earnings per share 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.