Marshall Wace LLP Has $652,000 Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Marshall Wace LLP reduced its stake in FormFactor, Inc. (NASDAQ:FORM) by 87.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,779 shares of the semiconductor company’s stock after selling 74,934 shares during the period. Marshall Wace LLP’s holdings in FormFactor were worth $652,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FORM. Xponance Inc. grew its stake in FormFactor by 5.1% in the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 241 shares during the last quarter. Bank of Montreal Can grew its position in shares of FormFactor by 645.5% in the second quarter. Bank of Montreal Can now owns 68,989 shares of the semiconductor company’s stock valued at $4,210,000 after purchasing an additional 59,735 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of FormFactor by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 169,766 shares of the semiconductor company’s stock worth $10,276,000 after purchasing an additional 10,207 shares during the period. MQS Management LLC acquired a new stake in FormFactor during the 2nd quarter worth approximately $218,000. Finally, Hsbc Holdings PLC grew its holdings in FormFactor by 27.4% in the 2nd quarter. Hsbc Holdings PLC now owns 18,048 shares of the semiconductor company’s stock valued at $1,099,000 after buying an additional 3,882 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Activity at FormFactor

In related news, Director Jorge Titinger sold 6,770 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the sale, the chief executive officer now owns 534,276 shares in the company, valued at $24,742,321.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares of the company’s stock, valued at $543,961.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,770 shares of company stock valued at $854,014. 0.96% of the stock is owned by insiders.

FormFactor Trading Up 0.5 %

Shares of FORM opened at $46.47 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. FormFactor, Inc. has a 52-week low of $31.51 and a 52-week high of $63.63. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 35.20 and a beta of 1.11. The business’s fifty day moving average is $45.79 and its 200-day moving average is $50.73.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. Equities analysts anticipate that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. B. Riley increased their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. DA Davidson lifted their price target on shares of FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Cowen boosted their price target on FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FormFactor has an average rating of “Hold” and a consensus target price of $59.63.

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.