Proficio Capital Partners LLC Takes $1.12 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Proficio Capital Partners LLC purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,520 shares of the semiconductor company’s stock, valued at approximately $1,123,000.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of FormFactor by 1.4% during the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after buying an additional 39,784 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after buying an additional 73,982 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of FormFactor by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock valued at $48,928,000 after acquiring an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of FormFactor by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock valued at $40,761,000 after acquiring an additional 32,889 shares during the period. Finally, Needham Investment Management LLC increased its stake in shares of FormFactor by 8.6% during the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock valued at $28,520,000 after acquiring an additional 49,000 shares during the period. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FORM. Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Stifel Nicolaus lowered 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. Finally, Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Six 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 stock has a consensus rating of “Hold” and a consensus price target of $48.50.

FormFactor Trading Up 3.6 %

FormFactor stock opened at $33.00 on Friday. FormFactor, Inc. has a 1 year low of $30.97 and a 1 year high of $63.63. 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 $2.56 billion, a price-to-earnings ratio of 37.08 and a beta of 1.07. The firm’s 50 day moving average price is $39.56 and its two-hundred day moving average price is $42.40.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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%. On average, research analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares of the company’s stock, valued at $23,221,277.64. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

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.