Emerald Advisers LLC Sells 15,981 Shares of FormFactor, Inc. (NASDAQ:FORM)

Emerald Advisers LLC trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 588,743 shares of the semiconductor company’s stock after selling 15,981 shares during the period. Emerald Advisers LLC owned 0.76% of FormFactor worth $25,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC raised its stake in shares of FormFactor by 134.4% during the third quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after buying an additional 30,410 shares during the last quarter. FMR LLC increased its stake in FormFactor by 1,255.5% in the third quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock valued at $5,356,000 after purchasing an additional 107,837 shares in the last quarter. Citigroup Inc. increased its stake in FormFactor by 59.4% in the third quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock valued at $4,867,000 after purchasing an additional 39,419 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 972 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in FormFactor in the third quarter valued at approximately $818,000. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

Shares of FORM opened at $31.11 on Friday. FormFactor, Inc. has a 12 month low of $30.22 and a 12 month high of $63.63. The firm has a fifty day simple moving average of $36.71 and a 200 day simple moving average of $41.01. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 34.96 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 (NASDAQ:FORM) last announced its earnings results 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 return on equity of 5.93% and a net margin of 9.12%. Research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the transaction, the chief executive officer now owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note 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 for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.