Barclays PLC Grows Holdings in FormFactor, Inc. (NASDAQ:FORM)

Barclays PLC grew its holdings in FormFactor, Inc. (NASDAQ:FORM) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,107 shares of the semiconductor company’s stock after acquiring an additional 3,615 shares during the period. Barclays PLC’s holdings in FormFactor were worth $6,561,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of FormFactor by 5.1% during the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after acquiring an additional 18,810 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 972 shares during the last quarter. Reinhart Partners LLC. increased its position in shares of FormFactor by 4.4% during the fourth quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock worth $19,510,000 after acquiring an additional 18,561 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of FormFactor by 19.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company’s stock valued at $11,040,000 after purchasing an additional 40,612 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in FormFactor by 0.7% during the fourth quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company’s stock worth $4,874,000 after buying an additional 739 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the sale, the chief executive officer now directly owns 514,650 shares in the company, valued at $14,533,716. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by insiders.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $28.21 on Friday. The company has a market cap of $2.19 billion, a PE ratio of 31.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $63.63. The company has a 50-day simple moving average of $30.05 and a 200-day simple moving average of $38.02.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (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 analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

FORM has been the subject of several analyst reports. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $64.00 to $34.00 in a report on Thursday, February 6th. 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 research report on Monday, January 6th. Stifel Nicolaus lowered their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Evercore ISI decreased their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Six research 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 company currently has an average rating of “Hold” and a consensus target price of $48.50.

FormFactor Company 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.