Yousif Capital Management LLC Trims Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Yousif Capital Management LLC decreased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 29,361 shares of the semiconductor company’s stock after selling 537 shares during the period. Yousif Capital Management LLC’s holdings in FormFactor were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FORM. Advisors Asset Management Inc. boosted its position in shares of FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP raised its stake in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares during the period. CWM LLC boosted its holdings in shares of FormFactor by 57.3% in the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 1,044 shares during the last quarter. US Bancorp DE grew its stake in shares of FormFactor by 55.9% during the 3rd quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 1,219 shares during the period. Finally, KBC Group NV increased its holdings in shares of FormFactor by 90.0% during the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock worth $160,000 after buying an additional 1,717 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus reduced their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.50.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is currently owned by insiders.

FormFactor Stock Up 2.4 %

Shares of NASDAQ:FORM opened at $36.74 on Friday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 41.28 and a beta of 1.07. The company has a 50 day moving average of $42.39 and a two-hundred day moving average of $43.61. FormFactor, Inc. has a 52-week low of $32.71 and a 52-week high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts forecast that FormFactor, Inc. will post 1.23 earnings per share for the current fiscal year.

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.