Harvest Fund Management Co. Ltd Acquires Shares of 4,029 FormFactor, Inc. (NASDAQ:FORM)

Harvest Fund Management Co. Ltd acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,029 shares of the semiconductor company’s stock, valued at approximately $177,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares during the period. Quarry LP increased its position in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 440 shares during the last quarter. IFP Advisors Inc increased its position in shares of FormFactor by 4,732.4% during the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,609 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of FormFactor by 146.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 1,181 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of FORM stock opened at $31.11 on Friday. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $36.71 and a two-hundred day moving average of $41.01. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week high of $63.63. The company has a market cap of $2.41 billion, a P/E ratio of 34.96 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last issued its 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%. As a group, analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Finally, Evercore ISI lowered their price objective on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the completion of the transaction, the chief executive officer now directly owns 518,531 shares in the company, valued at $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.

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.