Alberta Investment Management Corp Sells 35,194 Shares of FormFactor, Inc. (NASDAQ:FORM)

Alberta Investment Management Corp trimmed its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 65.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,526 shares of the semiconductor company’s stock after selling 35,194 shares during the quarter. Alberta Investment Management Corp’s holdings in FormFactor were worth $815,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FORM. Creative Planning boosted its position in FormFactor by 45.9% during the 3rd quarter. Creative Planning now owns 14,884 shares of the semiconductor company’s stock valued at $685,000 after acquiring an additional 4,684 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of FormFactor by 10.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 134,389 shares of the semiconductor company’s stock worth $6,182,000 after purchasing an additional 12,408 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of FormFactor by 85.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 210,304 shares of the semiconductor company’s stock worth $9,674,000 after purchasing an additional 96,784 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of FormFactor by 9.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,898 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 573 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of FormFactor by 1.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 372,378 shares of the semiconductor company’s stock worth $17,129,000 after purchasing an additional 5,867 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on FORM shares. TD Cowen dropped their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Citigroup raised 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. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.50.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $35.38 on Friday. FormFactor, Inc. has a twelve month low of $32.71 and a twelve month high of $63.63. The firm has a market cap of $2.74 billion, a P/E ratio of 39.75 and a beta of 1.07. The company has a 50 day moving average of $41.76 and a 200 day moving average of $43.19. 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 (NASDAQ:FORM) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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, research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the sale, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 12,000 shares of company stock worth $496,040. Insiders own 0.96% of the company’s stock.

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.