Natixis Advisors LLC Grows Stock Position in FormFactor, Inc. (NASDAQ:FORM)

Natixis Advisors LLC grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,520 shares of the semiconductor company’s stock after purchasing an additional 26,734 shares during the quarter. Natixis Advisors LLC owned approximately 0.24% of FormFactor worth $8,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Algert Global LLC increased its holdings in FormFactor by 134.4% in the 3rd quarter. Algert Global LLC now owns 53,037 shares of the semiconductor company’s stock worth $2,440,000 after acquiring an additional 30,410 shares in the last quarter. FMR LLC increased its holdings in FormFactor by 1,255.5% in the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock worth $5,356,000 after acquiring an additional 107,837 shares in the last quarter. Citigroup Inc. increased its holdings in FormFactor by 59.4% in the 3rd quarter. Citigroup Inc. now owns 105,797 shares of the semiconductor company’s stock worth $4,867,000 after acquiring an additional 39,419 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in FormFactor by 14.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 972 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in FormFactor in the 3rd quarter worth approximately $818,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Down 1.1 %

Shares of NASDAQ FORM opened at $32.27 on Friday. The firm’s 50-day moving average price is $36.97 and its 200-day moving average price is $41.16. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 36.26 and a beta of 1.07. FormFactor, Inc. has a 12-month low of $30.22 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, equities research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FORM shares. Evercore ISI reduced their target price 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. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. B. Riley downgraded 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 note on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.50.

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.