FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in FormFactor, Inc. (NASDAQ:FORM) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 920,441 shares of the semiconductor company’s stock after purchasing an additional 34,338 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.19% of FormFactor worth $40,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC raised its holdings in FormFactor by 134.4% during the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after buying an additional 30,410 shares during the period. FMR LLC grew its holdings in FormFactor by 1,255.5% during the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after purchasing an additional 107,837 shares during the last quarter. Citigroup Inc. lifted its position in FormFactor by 59.4% during the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after acquiring an additional 39,419 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in FormFactor by 14.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 972 shares during the period. Finally, Intech Investment Management LLC bought a new position in FormFactor during the third quarter worth $818,000. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FORM has been the topic of several analyst reports. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Stifel Nicolaus reduced 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. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, Evercore ISI dropped their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Price Performance

NASDAQ:FORM opened at $32.00 on Friday. FormFactor, Inc. has a 52-week low of $30.22 and a 52-week high of $63.63. The company has a market cap of $2.48 billion, a P/E ratio of 35.96 and a beta of 1.07. 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 stock’s 50-day simple moving average is $38.00 and its 200 day simple moving average is $41.56.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (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%. As a group, sell-side analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.