Amundi Grows Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Amundi lifted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 186.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,058 shares of the semiconductor company’s stock after purchasing an additional 25,434 shares during the period. Amundi’s holdings in FormFactor were worth $1,723,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. State Street Corp raised its position in FormFactor by 1.4% during the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after purchasing an additional 39,784 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after acquiring an additional 73,982 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of FormFactor by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock valued at $48,928,000 after acquiring an additional 79,191 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in FormFactor by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company’s stock worth $40,499,000 after acquiring an additional 34,338 shares during the period. Finally, Needham Investment Management LLC boosted its holdings in FormFactor by 8.6% in the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock valued at $28,520,000 after acquiring an additional 49,000 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on FORM shares. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI lowered their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and dropped their price target for the company from $64.00 to $34.00 in a research 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, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

FormFactor Stock Performance

FormFactor stock opened at $32.65 on Tuesday. FormFactor, Inc. has a twelve month low of $30.22 and a twelve month high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.53 billion, a P/E ratio of 36.69 and a beta of 1.07. The stock’s 50 day moving average is $37.73 and its 200 day moving average is $41.39.

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%. On average, equities research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares in the company, valued at approximately $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by company insiders.

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.