Sei Investments Co. Has $73.39 Million Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Sei Investments Co. cut its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,212,375 shares of the semiconductor company’s stock after selling 281,290 shares during the quarter. Sei Investments Co. owned about 1.57% of FormFactor worth $73,385,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FORM. Riverview Trust Co bought a new stake in FormFactor in the 1st quarter valued at $28,000. Innealta Capital LLC bought a new stake in shares of FormFactor in the second quarter valued at about $38,000. Redwood Wealth Management Group LLC acquired a new stake in FormFactor during the second quarter worth about $43,000. Quadrant Capital Group LLC increased its stake in FormFactor by 19.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,590 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 260 shares during the period. Finally, LRI Investments LLC acquired a new position in FormFactor in the 1st quarter valued at approximately $70,000. 98.76% of the stock is owned by institutional investors.

FormFactor Trading Down 1.9 %

FORM stock opened at $43.94 on Friday. The business has a fifty day moving average price of $48.40 and a 200 day moving average price of $50.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64. FormFactor, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $63.63. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 33.29 and a beta of 1.11.

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

Insiders Place Their Bets

In other 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 transaction of $283,933.80. Following the sale, the director now directly owns 12,970 shares of the company’s stock, valued at $543,961.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jorge Titinger sold 6,770 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the sale, the director now owns 12,970 shares in the company, valued at $543,961.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the completion of the transaction, the chief executive officer now owns 523,187 shares in the company, valued at approximately $26,645,913.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,770 shares of company stock valued at $908,894. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FORM. B. Riley lifted their price objective on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. DA Davidson lifted their target price 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 upped their target price on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of FormFactor in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, FormFactor has an average rating of “Hold” and a consensus price target 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.