Marshall Wace LLP Invests $377,000 in FormFactor, Inc. (NASDAQ:FORM)

Marshall Wace LLP purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,565 shares of the semiconductor company’s stock, valued at approximately $377,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of FormFactor by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company’s stock valued at $465,575,000 after buying an additional 484,176 shares during the last quarter. Alliancebernstein L.P. grew its position in FormFactor by 127.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company’s stock valued at $137,050,000 after acquiring an additional 1,742,493 shares during the last quarter. Geode Capital Management LLC increased its stake in FormFactor by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company’s stock worth $92,577,000 after purchasing an additional 36,438 shares during the period. Royce & Associates LP boosted its stake in shares of FormFactor by 30.1% during the fourth quarter. Royce & Associates LP now owns 1,757,086 shares of the semiconductor company’s stock valued at $77,312,000 after purchasing an additional 406,768 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of FormFactor by 34.5% in the fourth quarter. Sei Investments Co. now owns 1,595,498 shares of the semiconductor company’s stock worth $70,202,000 after purchasing an additional 409,304 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total transaction of $112,960.00. Following the sale, the chief executive officer now owns 514,650 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 12,000 shares of company stock valued at $395,760 over the last ninety days. 0.90% of the stock is currently owned by insiders.

FormFactor Price Performance

Shares of FORM opened at $30.26 on Friday. The company has a 50 day moving average of $29.16 and a two-hundred day moving average of $37.21. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 34.00 and a beta of 1.14. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $63.63.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. As a group, analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FORM has been the topic of a number of research reports. Evercore ISI reduced their target price on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley upped their price objective on shares of FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus cut their target price on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, FormFactor has a consensus rating of “Hold” and an average price target of $42.71.

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.