TimesSquare Capital Management LLC Sells 3,387 Shares of FormFactor, Inc. (NASDAQ:FORM)

TimesSquare Capital Management LLC lessened its position in FormFactor, Inc. (NASDAQ:FORM) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 583,313 shares of the semiconductor company’s stock after selling 3,387 shares during the period. TimesSquare Capital Management LLC owned approximately 0.75% of FormFactor worth $25,666,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FORM. Advisors Asset Management Inc. boosted its holdings in FormFactor by 99.4% during the third 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 last quarter. Quarry LP lifted its stake in 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 acquiring an additional 523 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares during the period. CWM LLC increased its position in FormFactor by 57.3% during the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 1,044 shares during the period. Finally, US Bancorp DE increased its position in FormFactor by 55.9% during the third quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 1,219 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on FORM shares. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Evercore ISI reduced their price target on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. TD Cowen cut their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.50.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the sale, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at $21,371,893.29. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is owned by insiders.

FormFactor Stock Performance

Shares of FORM stock opened at $37.58 on Thursday. The firm has a market capitalization of $2.91 billion, a PE ratio of 42.23 and a beta of 1.07. The firm has a fifty day simple moving average of $42.01 and a two-hundred day simple moving average of $43.26. 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 12 month low of $32.71 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data 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%. Analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

About FormFactor

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.