HighTower Advisors LLC Decreases Holdings in FormFactor, Inc. (NASDAQ:FORM)

HighTower Advisors LLC trimmed its stake in FormFactor, Inc. (NASDAQ:FORM) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,976 shares of the semiconductor company’s stock after selling 379 shares during the quarter. HighTower Advisors LLC’s holdings in FormFactor were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Channing Capital Management LLC raised its holdings in shares of FormFactor by 10.3% in the 4th quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company’s stock worth $67,225,000 after purchasing an additional 142,776 shares during the period. Moran Wealth Management LLC raised its stake in shares of FormFactor by 13.7% in the fourth quarter. Moran Wealth Management LLC now owns 11,317 shares of the semiconductor company’s stock valued at $498,000 after buying an additional 1,362 shares during the period. Amundi raised its stake in shares of FormFactor by 186.7% in the fourth quarter. Amundi now owns 39,058 shares of the semiconductor company’s stock valued at $1,723,000 after buying an additional 25,434 shares during the period. Inceptionr LLC lifted its position in shares of FormFactor by 118.9% during the 4th quarter. Inceptionr LLC now owns 11,468 shares of the semiconductor company’s stock valued at $505,000 after buying an additional 6,229 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of FormFactor during the 4th quarter worth $14,222,000. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Down 2.5 %

Shares of NASDAQ:FORM opened at $29.72 on Friday. The firm has a fifty day moving average price of $35.74 and a two-hundred day moving average price of $40.68. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 33.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a one year low of $29.44 and a one year high of $63.63.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data 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%. Analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on 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 directly owns 518,531 shares of the company’s stock, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.