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

Alberta Investment Management Corp decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 65.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,526 shares of the semiconductor company’s stock after selling 35,194 shares during the period. Alberta Investment Management Corp’s holdings in FormFactor were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Quarry LP grew its position in shares of FormFactor by 131.7% during 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 period. Manchester Capital Management LLC grew its position in shares of 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. US Bancorp DE grew its position in shares of FormFactor by 55.9% during the 3rd quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 1,219 shares during the period. Finally, KBC Group NV grew its position in shares of FormFactor by 90.0% during the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 1,717 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Down 5.4 %

FORM opened at $35.38 on Friday. The firm has a 50-day simple moving average of $41.76 and a two-hundred day simple moving average of $43.19. FormFactor, Inc. has a 52 week low of $32.71 and a 52 week high of $63.63. The company has a market capitalization of $2.74 billion, a PE ratio of 39.75 and a beta of 1.07. 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 released its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 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%. Analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. TD Cowen dropped their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 12,000 shares of company stock valued at $496,040 in the last 90 days. Insiders own 0.96% of the company’s stock.

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.