FormFactor, Inc. (NASDAQ:FORM) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 94,688 shares of the semiconductor company’s stock after selling 3,100 shares during the period. First Eagle Investment Management LLC owned about 0.12% of FormFactor worth $4,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. D.A. Davidson & CO. lifted its position in shares of 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 acquiring an additional 288 shares during the last quarter. Advisors Asset Management Inc. lifted 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 purchasing an additional 309 shares in the last quarter. Glenmede Trust Co. NA lifted 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 purchasing an additional 415 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Trading Up 4.6 %

FormFactor stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 35.96 and a beta of 1.07. FormFactor, Inc. has a one year low of $30.22 and a one year high of $63.63. The company’s fifty day moving average price is $38.00 and its two-hundred day moving average price is $41.56.

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

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares in the company, valued at $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI reduced their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Citigroup raised shares of 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. Finally, Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.