EntryPoint Capital LLC Invests $318,000 in FormFactor, Inc. (NASDAQ:FORM)

EntryPoint Capital LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,229 shares of the semiconductor company’s stock, valued at approximately $318,000.

Several other large investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased 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 worth $29,000 after purchasing an additional 309 shares during the period. Quarry LP lifted its stake in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC grew its position in FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after buying an additional 440 shares in the last quarter. IFP Advisors Inc increased its stake in FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 1,609 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 1,181 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

FormFactor Stock Performance

NASDAQ FORM opened at $29.72 on Friday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 33.39 and a beta of 1.07. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1-year low of $29.44 and a 1-year high of $63.63. The company has a 50 day moving average of $35.74 and a 200-day moving average of $40.68.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, equities analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FORM shares. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI dropped their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus decreased their target price 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, FormFactor currently has an average rating of “Hold” and a consensus target price of $48.50.

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.