Allspring Global Investments Holdings LLC Raises Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Allspring Global Investments Holdings LLC boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 91.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,722 shares of the semiconductor company’s stock after acquiring an additional 123,333 shares during the period. Allspring Global Investments Holdings LLC owned 0.33% of FormFactor worth $11,396,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after buying an additional 309 shares in the last quarter. Quarry LP grew its stake in FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after buying an additional 523 shares in the last quarter. CWM LLC grew its stake in FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after buying an additional 1,044 shares in the last quarter. US Bancorp DE boosted its stake in shares of FormFactor by 55.9% in the 3rd quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 1,219 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of FormFactor by 90.0% in the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 1,717 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and cut their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. TD Cowen cut their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.50.

FormFactor Stock Up 2.9 %

Shares of NASDAQ FORM opened at $37.80 on Tuesday. The company has a current ratio of 4.61, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $32.71 and a 12 month high of $63.63. The firm has a market capitalization of $2.93 billion, a PE ratio of 42.47 and a beta of 1.07. The firm has a fifty day simple moving average of $42.20 and a two-hundred day simple moving average of $43.32.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data 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 return on equity of 5.93% and a net margin of 9.12%. Equities analysts expect that FormFactor, Inc. will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 12,000 shares of company stock worth $496,040. 0.96% of the stock is currently owned by corporate insiders.

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.