Goldman Sachs Group Inc. Decreases Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Goldman Sachs Group Inc. lessened its holdings in FormFactor, Inc. (NASDAQ:FORM) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 922,076 shares of the semiconductor company’s stock after selling 48,285 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.19% of FormFactor worth $38,460,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of FormFactor during the 4th quarter worth about $55,000. Quadrant Capital Group LLC boosted its holdings in FormFactor by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in FormFactor in the third quarter valued at approximately $70,000. Mackenzie Financial Corp purchased a new position in FormFactor in the fourth quarter valued at approximately $202,000. Finally, Ausbil Investment Management Ltd acquired a new stake in FormFactor during the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 13,319 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $56.02, for a total value of $746,130.38. Following the completion of the sale, the director now owns 7,634 shares of the company’s stock, valued at $427,656.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other FormFactor news, CFO Shai Shahar sold 6,094 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $55.76, for a total transaction of $339,801.44. Following the transaction, the chief financial officer now directly owns 15,669 shares in the company, valued at $873,703.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sheri Rhodes sold 13,319 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the transaction, the director now directly owns 7,634 shares of the company’s stock, valued at $427,656.68. The disclosure for this sale can be found here. Insiders have sold a total of 37,536 shares of company stock worth $2,023,154 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FORM has been the subject of several research analyst reports. Evercore ISI started coverage on shares of FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price for the company. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Friday, April 19th. TD Cowen lifted their target price on FormFactor from $37.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. B. Riley upped their target price on FormFactor from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup lifted their price target on FormFactor from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.30.

FormFactor Trading Up 0.5 %

NASDAQ:FORM opened at $57.95 on Friday. FormFactor, Inc. has a 12-month low of $29.50 and a 12-month high of $61.34. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $52.92 and its 200-day simple moving average is $45.63. The firm has a market cap of $4.47 billion, a P/E ratio of 43.90 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The firm had revenue of $168.73 million for the quarter, compared to analysts’ expectations of $165.45 million. Equities analysts anticipate that FormFactor, Inc. will post 0.72 EPS for the current year.

About FormFactor

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.