Peregrine Capital Management LLC Buys 3,640 Shares of FormFactor, Inc. (NASDAQ:FORM)

Peregrine Capital Management LLC boosted its stake in FormFactor, Inc. (NASDAQ:FORM) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,779 shares of the semiconductor company’s stock after acquiring an additional 3,640 shares during the period. Peregrine Capital Management LLC owned 0.26% of FormFactor worth $8,922,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in FormFactor by 1.4% in the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after acquiring an additional 39,784 shares during the last quarter. Geode Capital Management LLC boosted its holdings in FormFactor by 3.7% in 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock worth $48,928,000 after buying an additional 79,191 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FormFactor by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock worth $40,761,000 after buying an additional 32,889 shares in the last quarter. Finally, Needham Investment Management LLC boosted its holdings in shares of FormFactor by 8.6% during the 3rd quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock worth $28,520,000 after buying an additional 49,000 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the sale, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of research analyst reports. TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Evercore ISI cut their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Finally, B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $37.80 on Tuesday. The company has a quick ratio of 3.94, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $32.71 and a twelve month high of $63.63. The stock’s 50 day moving average is $42.20 and its 200-day moving average is $43.32. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 42.47 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last released its quarterly 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 net margin of 9.12% and a return on equity of 5.93%. Sell-side analysts forecast that FormFactor, Inc. will post 1.23 EPS for the current fiscal year.

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.