Bailard Inc. Takes $238,000 Position in FormFactor, Inc. (NASDAQ:FORM)

Bailard Inc. bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,400 shares of the semiconductor company’s stock, valued at approximately $238,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its position in shares of FormFactor by 1.4% in the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after acquiring an additional 39,784 shares in the last quarter. Geode Capital Management LLC raised its stake in FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after purchasing an additional 73,982 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in FormFactor by 8.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company’s stock worth $48,928,000 after purchasing an additional 79,191 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FormFactor by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company’s stock worth $40,761,000 after purchasing an additional 32,889 shares in the last quarter. Finally, Needham Investment Management LLC boosted its stake in FormFactor by 8.6% in the 3rd quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company’s stock worth $28,520,000 after purchasing an additional 49,000 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on FORM. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Evercore ISI dropped their price objective 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. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.50.

FormFactor Stock Up 2.6 %

NASDAQ FORM opened at $32.38 on Thursday. 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 52 week low of $30.97 and a 52 week high of $63.63. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 36.38 and a beta of 1.07. The company has a fifty day moving average of $40.17 and a two-hundred day moving average of $42.54.

FormFactor (NASDAQ:FORM) last released its quarterly 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 return on equity of 5.93% and a net margin of 9.12%. On average, analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.