Neumeier Poma Investment Counsel LLC Lowers Stock Holdings in FormFactor, Inc. (NASDAQ:FORM)

Neumeier Poma Investment Counsel LLC reduced its position in FormFactor, Inc. (NASDAQ:FORM) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,130 shares of the semiconductor company’s stock after selling 8,665 shares during the quarter. FormFactor accounts for about 1.7% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 28th largest holding. Neumeier Poma Investment Counsel LLC owned approximately 0.52% of FormFactor worth $17,826,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Quarry LP lifted its stake in shares of FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 440 shares during the period. IFP Advisors Inc grew its position in FormFactor by 4,732.4% during the 4th 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 stake in FormFactor by 146.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,181 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction on Monday, February 3rd. The stock was 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. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

FormFactor Trading Down 3.1 %

FORM opened at $30.49 on Thursday. The stock has a market cap of $2.36 billion, a PE ratio of 34.26 and a beta of 1.07. The business has a 50 day moving average of $36.01 and a 200-day moving average of $40.76. FormFactor, Inc. has a 52 week low of $30.22 and a 52 week high of $63.63. 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 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%. Equities research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FORM shares. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Stifel Nicolaus dropped their target price 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. Evercore ISI cut their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.50.

About FormFactor

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.