Sei Investments Co. increased its stake in FormFactor, Inc. (NASDAQ:FORM – Get Rating) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 740,126 shares of the semiconductor company’s stock after buying an additional 66,991 shares during the quarter. Sei Investments Co.’s holdings in FormFactor were worth $31,108,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of FORM. Lisanti Capital Growth LLC bought a new stake in FormFactor in the first quarter worth $12,364,000. Thornburg Investment Management Inc. lifted its position in FormFactor by 267.8% in the first quarter. Thornburg Investment Management Inc. now owns 322,907 shares of the semiconductor company’s stock worth $13,572,000 after buying an additional 235,106 shares during the last quarter. State Street Corp lifted its position in FormFactor by 4.4% in the fourth quarter. State Street Corp now owns 2,482,865 shares of the semiconductor company’s stock worth $113,517,000 after buying an additional 103,858 shares during the last quarter. BlackRock Inc. increased its stake in FormFactor by 0.6% in the first quarter. BlackRock Inc. now owns 11,957,592 shares of the semiconductor company’s stock worth $502,578,000 after purchasing an additional 73,354 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in FormFactor in the fourth quarter worth $2,984,000. 95.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FORM has been the topic of a number of recent analyst reports. Craig Hallum reduced their target price on FormFactor from $50.00 to $40.00 in a research note on Thursday, July 28th. B. Riley reduced their target price on FormFactor from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, June 15th. DA Davidson reiterated a “buy” rating on shares of FormFactor in a research note on Wednesday, July 27th. Finally, Citigroup reduced their target price on FormFactor from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $46.00.
FormFactor Stock Performance
FormFactor (NASDAQ:FORM – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. The firm had revenue of $203.90 million for the quarter, compared to analyst estimates of $203.14 million. FormFactor had a return on equity of 14.43% and a net margin of 13.38%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities research analysts expect that FormFactor, Inc. will post 1.21 earnings per share for the current fiscal year.
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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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