Bailard Inc. Makes New $238,000 Investment in FormFactor, Inc. (NASDAQ:FORM)

Bailard Inc. purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the 4th quarter, Holdings Channel reports. The fund purchased 5,400 shares of the semiconductor company’s stock, valued at approximately $238,000.

A number of other large investors have also recently modified their holdings of FORM. D.A. Davidson & CO. raised its position in FormFactor by 5.5% during the 4th quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 288 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of FormFactor by 99.4% in the third 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 in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of FormFactor by 7.4% in the third quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 415 shares in the last quarter. Manchester Capital Management LLC lifted its stake in FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 440 shares during the period. Finally, Quarry LP grew its holdings in FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Trading Up 2.6 %

Shares of NASDAQ:FORM opened at $32.38 on Thursday. The business’s 50-day moving average is $40.17 and its 200 day moving average is $42.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor, Inc. has a 1 year low of $30.97 and a 1 year high of $63.63. The firm has a market capitalization of $2.51 billion, a P/E ratio of 36.38 and a beta of 1.07.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data 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, research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

FORM has been the subject of several recent research reports. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Stifel Nicolaus reduced their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Evercore ISI reduced their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.50.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.

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.