Barclays PLC Buys 3,615 Shares of FormFactor, Inc. (NASDAQ:FORM)

Barclays PLC boosted its position in FormFactor, Inc. (NASDAQ:FORM) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,107 shares of the semiconductor company’s stock after acquiring an additional 3,615 shares during the quarter. Barclays PLC owned 0.19% of FormFactor worth $6,561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FormFactor by 14.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock valued at $362,000 after buying an additional 972 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of FormFactor by 5.1% during the third quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock worth $18,940,000 after acquiring an additional 18,810 shares in the last quarter. Assenagon Asset Management S.A. lifted 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 worth $11,040,000 after acquiring an additional 40,612 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Swiss National Bank raised its position in FormFactor by 0.9% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company’s stock worth $6,697,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Finally, Evercore ISI decreased 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 report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.50.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 owns 514,650 shares of the company’s stock, valued at approximately $14,533,716. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

FormFactor Price Performance

FORM stock opened at $28.21 on Friday. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63. The firm has a 50-day moving average of $30.05 and a 200 day moving average of $38.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The company has a market cap of $2.19 billion, a P/E ratio of 31.70 and a beta of 1.15.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 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, sell-side analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current year.

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.