Madison Asset Management LLC lowered its position in shares of FormFactor, Inc. (NASDAQ:FORM – Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,416 shares of the semiconductor company’s stock after selling 4,035 shares during the quarter. Madison Asset Management LLC owned approximately 0.14% of FormFactor worth $3,421,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in FormFactor by 0.6% during the first quarter. BlackRock Inc. now owns 11,957,592 shares of the semiconductor company’s stock worth $502,578,000 after acquiring an additional 73,354 shares during the last quarter. Vanguard Group Inc. raised its stake in FormFactor by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,774,865 shares of the semiconductor company’s stock worth $368,808,000 after purchasing an additional 65,763 shares during the period. Dimensional Fund Advisors LP raised its stake in FormFactor by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,722,520 shares of the semiconductor company’s stock worth $60,520,000 after purchasing an additional 50,405 shares during the period. Neuberger Berman Group LLC raised its stake in FormFactor by 26.7% during the fourth quarter. Neuberger Berman Group LLC now owns 2,636,025 shares of the semiconductor company’s stock worth $58,599,000 after purchasing an additional 554,753 shares during the period. Finally, State Street Corp raised its stake in FormFactor by 0.5% during the third quarter. State Street Corp now owns 2,619,399 shares of the semiconductor company’s stock worth $65,616,000 after purchasing an additional 12,247 shares during the period. Institutional investors and hedge funds own 95.95% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on FORM. Northland Securities cut their price target on shares of FormFactor from $35.00 to $32.00 in a research note on Thursday, May 4th. DA Davidson cut their price target on shares of FormFactor from $36.00 to $32.00 in a research note on Thursday, May 4th. StockNews.com assumed coverage on shares of FormFactor in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Citigroup downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and raised their target price for the company from $25.00 to $33.00 in a research note on Monday, April 3rd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.22.
FormFactor Stock Performance
Shares of FORM stock opened at $36.14 on Friday. FormFactor, Inc. has a 52 week low of $18.15 and a 52 week high of $41.00. The company has a market cap of $2.79 billion, a PE ratio of 129.08 and a beta of 1.22. The company has a current ratio of 3.75, a quick ratio of 2.84 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $29.23.
FormFactor (NASDAQ:FORM – Get Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. FormFactor had a net margin of 3.09% and a return on equity of 5.51%. The firm had revenue of $167.45 million for the quarter, compared to the consensus estimate of $162.18 million. As a group, equities research analysts anticipate that FormFactor, Inc. will post 0.28 EPS for the current year.
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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.