Allspring Global Investments Holdings LLC Increases Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Allspring Global Investments Holdings LLC grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 91.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 257,722 shares of the semiconductor company’s stock after buying an additional 123,333 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FormFactor were worth $11,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP boosted its holdings in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the last quarter. CWM LLC boosted its holdings in shares of FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 1,044 shares during the last quarter. US Bancorp DE boosted its holdings 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 acquiring an additional 1,219 shares during the last quarter. Finally, KBC Group NV boosted 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 valued at $160,000 after acquiring an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

FORM has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. TD Cowen lowered their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lowered 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, FormFactor has a consensus rating of “Hold” and a consensus price target of $48.50.

FormFactor Price Performance

NASDAQ FORM opened at $37.80 on Tuesday. FormFactor, Inc. has a 12 month low of $32.71 and a 12 month high of $63.63. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 42.47 and a beta of 1.07. The company’s 50 day moving average is $42.20 and its two-hundred day moving average is $43.32. The company has a current ratio of 4.61, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. As a group, research analysts anticipate that FormFactor, Inc. will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred 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 sale, the chief executive officer now owns 518,531 shares in the company, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 12,000 shares of company stock worth $496,040. Company 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.